Are you running a Limited Liability Partnership (LLP) in India? Then you can’t afford to miss your LLP Annual Compliances. Every LLP, regardless of turnover or activity level, must file Form 8 and Form 11 annually. Failing to do so leads to heavy penalties and even the possibility of legal action.
Buying or selling a business in India? Then you must review the LLP Annual Compliances before making any decisions. Buyers often back out if they discover pending filings or legal notices against an LLP.
A clean compliance record reflects professionalism and financial discipline. If you're selling your LLP, ensure all annual filings like Form 8 (Statement of Account & Solvency) and Form 11 (Annual Return) are up to date. This increases your business valuation and makes the transition smoother.
Similarly, if you're buying a business, checking compliance history is as important as revenue and profits. Avoid legal liabilities—compliance is your first filter!
Comments
0 comment