top of page

Limited Liability

Limited Liability is a legal structure that protects business owners from being personally liable for the company's debts and obligations. This service provides peace of mind, allowing entrepreneurs pursue their ventures with confidence while safeguarding their personal assets.

Services Included in Limited Liability 

A designated partner or compliance exper

Form 11 Filing – Annual Return

  • – Filing of Form 11 with ROC to declare partners, capital, and business structure
    – Due by 30th May each year

A compliance expert or LLP partner prepa

Form 8 Filing – Statement of Accounts & Solvency

  • – Preparation and filing of Form 8, including the LLP’s assets, liabilities, income, and expenses
    – Includes solvency declaration by designated partners
    – Due by 30th October

A tax consultant or firm representative

Income Tax Return (ITR-5)

  • – Preparation and filing of ITR-5 for LLP
    – Includes profit/loss statement, capital account reconciliation, and partner share details
    – Due by 31st July (if no audit) or 31st October (if audit applicable)

An accountant or financial expert drafti

Financial Statement Drafting

  • – Balance Sheet and Profit & Loss Account as per LLP format
    – Partner contribution and current account summary

A director or LLP partner submitting DIR

Director / Partner KYC (DIR-3 KYC for DPIN holders)

  • Filing of KYC for designated partners to avoid late fees and deactivation

A compliance officer organizing essentia

Documentation & Record Maintenance

  • – Maintenance of digital records of all filed forms
    – Document archive for audit or inspection reference

Limited Liability Services at TaxVichar

Stay compliant with expert LLP annual compliance services! Whether you're a consultant-driven LLP, professional firm, startup, or small business — we offer the right plan to ensure your ROC filings, tax returns, and financials are filed accurately and on time, every year.

💸 Our Pricing Plans

Frequently Asked Questions (FAQs)

1. What is LLP annual compliance?

LLP annual compliance includes a series of ROC and tax-related filings that all LLPs must file every financial year. These ensure the LLP remains active and legally compliant with MCA and Income Tax laws.

2. Is compliance mandatory even if there's no business activity?

Yes. Even if your LLP did not carry out any business, Form 11, Form 8, and ITR-5 must be filed. A zero/nil return is still required to avoid penalties.

3. What is the penalty for late filing of ROC returns?

A delay in ROC filings attracts a ₹100 per day per form penalty with no upper limit until the return is filed. MCA may also restrict future filings or mark the LLP as "defaulting."

4. Do I need to get my books audited?

Yes, just email or WhatsApp us your invoices – we’ll take care of the rest.

5. What is DIR-3 KYC and is it applicable for LLPs? it applicable?

Yes. Every Designated Partner holding a DPIN must file DIR-3 KYC annually. Failure results in deactivation and a ₹5,000 penalty for reactivation.

6. Can TaxVichar help with financial preparation too?

Yes! Our Standard and Premium plans include preparation of Balance Sheet, Profit & Loss Account, and tax-saving guidance.

bottom of page