If you’ve recently registered an LLP in India or are planning to do so, understanding your
LLP Annual Compliances is absolutely essential. Many new business owners mistakenly assume that if their LLP is inactive or hasn’t generated revenue, they can skip compliance—but that’s a costly myth.
As per the Ministry of Corporate Affairs (MCA), LLPs are required to file two main annual forms: Form 11 (Annual Return) and Form 8 (Statement of Accounts and Solvency). These are mandatory, even if there is no business activity. Not filing on time can lead to heavy penalties and legal complications.
I started my own LLP last year, and despite a slow start, I ensured all my annual compliances were filed timely. Honestly, it's easier than most people think if you have the right guidance or a professional handling it.
So here’s my question to the community: How are you managing your LLP Annual Compliances? Are you doing it yourself or outsourcing it? Also, what’s your take on using online platforms vs hiring a CA?
Let’s discuss tips, tools, and common mistakes to avoid. Would love to hear your experiences!
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