Biz Setup Global

Know Your Compliance for

Limited Liability Partnership

While we call you, get some insights into what you are getting into.

At BizSetupGlobal, we provide comprehensive accounting and compliance services designed to empower Limited Liability Partnership firms like yours to thrive and succeed. 

Basic Facts on Limited Liability Partnership Compliance

Mandatory Annual Compliances

Form Name


Due Date

Documents required

Penalty for late filing

Form 11

Declaring that LLP is not insolvent

30th May every year

Declaration from partners

₹ 100/day after the due date

Form 8

The audited/unaudited financials of the LLP are to be submitted to the government

30th October every year

Declaration from partners

₹ 100/day after the due date


Director KYC

Within 30 Sep of every year


₹ 5000 per DIN

ITR Filing

Income tax filing

Within 31st July of every year


As per Income Tax Rules

LLP Tax Audit

LLPs must get the accounts audited by a practising chartered accountant if the annual turnover in any financial year exceeds ₹ 40 lakhs or the contribution exceeds ₹ 25 lakhs.

The LLP financials must include a statement from the partners acknowledging their responsibility to comply with accounting and financial statement requirements to be exempt from auditing.

Online Registration Process

Step 1

Select the package that suits you.

a. list of services purchased
b. documents to be submitted or next action.

Step 2

Once documentation is complete, you will be informed about the next steps through email and sms, and you can also check the current status of your request in your personalised dashboard.

Step 3

Make a payment, and you will receive your personalised dashboard login and password.

Step 4

If you have any questions during the process, you can contact us via the Helpdesk system in your dashboard, and we would be pleased to assist. We can even call you if necessary.

Step 5

At each step, our team will share all the required information needed by you and ensure that you have a smooth experience with us.

Step 6

Once you submit the required documents, our Compliance Manager will review the documents and contact you in case of any discrepancies.

Here's What You Need To Do : Simple and Convenient

Fill the Form

Start your journey by filling out a simple form on our website. Provide the necessary information to initiate the process.

Call to Discuss

Our Legal expert will connect with you & prepare documents.

ROC Compliance

We help you with timely reminders & documentation.

Pay as You Grow

Flexible Payment Options

We offer flexible packages to cater to your specific requirements:

Basic Plans

  • Turnover upto ₹10 lakhs
  • Financial Statement Preparation
  • Annual Report
  • Orm 11 Filing
  • Form 8 Filing
  • Income Tax Return Filing
  • GST filing


  • Turnover upto ₹40 lakhs
  • Financial Statement Preparation
  • Annual Report
  • Form 11 Filing
  • Form 8 Filing
  • Income Tax Return Filing
  • DIN e-KYC for 2 Partners
  • GST filing


  • Turnover upto ₹100 lakhs
  • Financial Statement Preparation
  • Annual Report
  • Form 11 Filing
  • Form 8 Filing
  • Income Tax Return Filing
  • DIN e-KYC for 2 Partners
  • ITR-2 for 2 Partners
  • GST filing

Condition: Fees will be subject to change based on turnover and Income tax requirements

Frequently Asked Questions

Your Queries, Our Answers

An LLP is supposed to file the LLP annual return in Form 11, the financial statement of the accounts and solvency, and the income tax return.

The LLP Form 8, or the statement of account and the solvency, is to be filed annually by all the LLPs registered in India. It is filed with the MCA irrespective of the turnover.

The Partners must comply with the annual return filing with the MCA, filing the statement of accounts.

There are many privileges for the LLPs as compared to other companies. There are exemptions from maintaining the minutes' books, statutory register, annual general meeting, and flexible rates.

The Board of Directors conducts the Board meeting. No BOD is involved in the LLPs; the designated partners run the whole business and are also responsible for compliance.

The LLPs are corporate entities operated by the legal rules and procedures stated in the LLP Act 2008. Irrespective of the turnover, the LLPs have to file annual returns giving details on the management on the financial performance. Any delay in the same attracts a heavy penalty.

You must file Form 8 within 30 days from the completion of 6 months after a financial year ends.

Two designated partners can sign this form digitally. Also, a company secretary/chartered accountant/cost accountant must certify the same. There are 2 parts:

Form 8
Part A - The solvency statement.
Part B - Statement of expenditure & income, and statement of accounts.
For not filing Form 8 on time, a penalty of Rs 100 per day will be imposed.

Form 11

  • This form contains details such as the total number of designated partners, details of partners along with details of body corporates as partners, contributions received by the partners and a summary of all partners.
  • All LLPs must file Form 11 within 60 days after the end of the financial year, along with the fee prescribed. Therefore, the LLPs should file their Form 11 by 30th May every year.
  • An LLP will be allowed to close or wind up once it files all its annual returns. Therefore, all LLPs must file their annual returns on time to avoid penalties.
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