Company Compliance
LLP Compliance
The recurring filings an LLP owes: Form 11 as the annual return of partners, and Form 8 as the statement of account and solvency. Both are due even in a year with no trading at all, and the penalty for a late LLP filing accrues per day without the ceiling that applies elsewhere, which is how dormant LLPs quietly build large liabilities.
What you get
- Form 11 annual return, listing partners and contribution as at the year end
- Form 8 statement of account and solvency, signed by the designated partners
- Filings prepared for dormant LLPs too, since a nil year is still a filing year
- Income tax return for the LLP, and audit coordination where turnover crosses the threshold
- LLP agreement amendments filed when partners, contribution or terms change
- Designated partner KYC filed annually against each DIN
FAQ
About llp compliance
The LLP has not traded at all. Does it still have to file?
Yes. Form 11 and Form 8 are due on a dormant LLP exactly as on a trading one. This catches people regularly: an LLP registered and then left alone accrues a per-day late fee on each missed form, and the accumulated amount is usually discovered only when someone tries to close it.
What is the penalty for filing late?
Late filing attracts a daily additional fee that continues to accrue until the form is filed. Because it runs per day per form, the cost of a long-forgotten LLP is driven by elapsed time rather than by the size of the business, and it is cheaper to file late than to keep waiting.