LLP Annual Compliance and Registrar Filings — Tracked. Prepared. Filed.

An LLP files less than a company but on a far less forgiving basis. The additional fee for a late registrar filing runs per day without an upper limit in the way most people assume, so a filing that slips for a year becomes an expensive one.

At N D Savla & Associates, we run the compliance calendar for LLPs in Nashik and across Maharashtra — the annual return, the statement of account and solvency, the income tax return and every event-based filing in between.

The LLP agreement is the second thing we look at. Many LLPs are incorporated on a standard agreement that never gets amended, so contribution, profit sharing and partner authority on paper stop matching what the partners have actually agreed.