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The Classic Partners LLP · Compliance

LLP Compliance

Two annual forms on fixed dates, whether or not the LLP traded — and a per-day penalty with no ceiling if they are missed.

Quick answer

An LLP files Form 11, its annual return, by 30 May and Form 8, the statement of account and solvency, by 30 October each year — regardless of turnover or whether it carried on any business. Audit is required only where annual turnover exceeds โ‚น40 lakh or contribution exceeds โ‚น25 lakh. Late filing of either form attracts additional fees per day of delay with no upper limit, which is why dormant LLPs become expensive to revive.

What we cover

What our LLP compliance service covers

Both annual forms, the tax return, and any changes during the year.

  • Form 11 annual return, due 30 May
  • Form 8 statement of account and solvency, due 30 October
  • Income tax return and audit coordination where thresholds are crossed
  • Form 3 for changes to the LLP agreement and contribution
  • Form 4 for admission, resignation or change in designated partners
  • DIR-3 KYC for designated partners holding a DIN or DPIN
Key components

What an LLP owes each year

Fewer forms than a company, but harder deadlines.

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Form 11

The annual return covering partner details and contribution, due by 30 May for the financial year just ended.

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Form 8

The statement of account and solvency, with a declaration on the LLP's ability to meet its liabilities, due by 30 October.

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Income tax and audit

The income tax return, plus a tax audit where turnover crosses the Section 44AB threshold, on a calendar of its own.

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Changes during the year

Form 3 and Form 4 filings within 30 days of any change in the agreement, contribution or partners.

How we work

Our process

A simple annual cycle, run on time.

1

Records review

Confirming partner details, contribution and the LLP agreement against the MCA record.

2

Accounts finalisation

Closing the books and preparing the statement of account and solvency.

3

Filing

Form 11 and Form 8 filed with the required certifications within their windows.

4

Tax and follow-up

Income tax return, audit where applicable, and event-based forms as changes occur.

Why choose us

Why LLP deadlines catch people out

What sets our approach apart.

The dates do not move with your year end

Form 11 and Form 8 are due on fixed calendar dates, not a number of days after a meeting, so there is no AGM to delay them.

Inactivity is not an exemption

An LLP with no transactions still files both forms, and the per-day fee applies equally to a nil filing.

Old defaults compound

Because the additional fee has no cap, LLPs left unfiled for several years often cost more to regularise than to close.

FAQs

LLP Compliance questions answered

What people ask before engaging us.

Form 11, the annual return, by 30 May and Form 8, the statement of account and solvency, by 30 October, together with the income tax return. Designated partners also complete DIR-3 KYC annually.
Audit under the LLP Act is required only where annual turnover exceeds โ‚น40 lakh or contribution exceeds โ‚น25 lakh. A tax audit under the Income-tax Act can still apply separately based on turnover, so the two thresholds should be checked independently.
Both Form 11 and Form 8 are still due as nil filings, and the late fee applies exactly the same way. If the LLP will not be used, striking it off is usually preferable to leaving filings to accumulate.
An LLP has no requirement to hold board meetings or an AGM, files two annual forms instead of AOC-4 and MGT-7, and has a higher audit threshold. In exchange it has less flexibility in raising external equity and is generally less familiar to institutional investors.

LLP filings pending from earlier years?

We will calculate the exposure and tell you whether regularising or closing makes more sense.

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