The Role of Valuations in Scaling Your Business
Valuations play a pivotal role in scaling your business. Whether you’re preparing for funding, strategic
All LLPs registered with the Ministry of Corporate Affairs need to file Annual Returns and Statement of Accounts for every Financial Year. It is mandatory for an LLP to file a return irrespective of whether it has done any business.
Filing Annual Return:
Every LLP is required to file an Annual Return in Form 11 to the Registrar within 60 days from the closure of a financial year. Therefore the Annual Return has to be filed on or before 30th May every year. Form 11 or Annual Return is Applicable to those LLPs which were registered till 30 September 2015. For LLPs registered after 1st October 2015, the return will be filed in the year 2017.
Filing Annual Accounts or Statement of Accounts or P&L and Balance Sheet:
Every LLP is required to file the Statement of Accounts in with the Registrar of Companies in Form 8 on or before 30th October every year. Form 8 or Annual Statements are applicable to the LLPs registered till 30th September 2015. For LLPs registered after 1st October 2015, the Annual Statements should be filed in 2017.
LLPs are separate legal entities; therefore, it is the responsibility of the Designated Partners to maintain a proper book of accounts and file an annual return with the MCA each financial year. It should be noted that LLPs whose annual turnover exceeds Rs. 40 lakh or whose contribution exceeds Rs. 25 lakh are required to get their accounts audited by a qualified Chartered Accountant mandatorily.
Reduce Penalty | Late filing or non-filing of LLP Annual Return or Statement of Accounts and Solvency before the due date will attract a penalty. Therefore the Annual Filing of LLP shall be done timely. |
Proper Compliance | Proper filling on time can help in proper compliances of the LLP. |
Better Decision Making | It is the responsibility of the Designated Partners to maintain proper book of accounts and file annual return with the MCA each financial year. |
Step 1: Annual E-Filing Preparation: An Legal Suvidha Providers Compliance Expert will prepare the Documentation in the requisite forms for your Company based on the financials and performance during the previous financial year on the basis of the documents and information submitted by you.
Step 2: Annual Forms Verification: Once the Documentation is prepared in the requisite format, the Legal Suvidha Providers Finance Team can verify the prepared annual e-filing forms and affix the digital signature.
Step 3: File Annual Filing E-Forms: Once the Annual e-filing forms are prepared and verified, these can be filed with the Ministry of Corporate Affairs in the requisite forms along with the necessary attachments. Once your company annual return is filed, we shall intimate you about the same.
Fill out the application form & other details.
Make the payment through online mode.
We will process your application.
A mail will be send on completion.
We provide free of cost consultation and legal advice to our clients.
All our services are online no need you to travel from your place to get our services.
We are a team of more than 15+ professionals with 11 years of experience.
There are no hidden & extra charges* other than the quote/invoice we provide.
We aim that all our customers are fully satisfied with our services.
We value your time and we promise all our services are delivered on time.
In this Journey of the past 10+ years, we had gained the trust of many startups, businesses, and professionals in India and stand with a 4.9/5 rating in google reviews.
Dr Mohamed Yasir (Life Coach / Career Guide)10/09/2024Great experience with smooth process during the startup india registration Excellent coordination and teamwork with effective implementation in very limited timePravin Singhania26/06/2024Sound expertise, good coordination, efficient and timely execution.Sasikanth Vaddadi25/06/2024Good service and very helpfulVijay Agrawal18/06/2024We had a great experience working with the LegalSuvidha team - we have used them for both our Pvt Ltd and LLP formation and their team has been very proactive, knowledgeable, prompt and helpful. They helped with all DSCs as well and couriered them to us. Very professional and thorough. We also got our Startup India , MSME registrations through them promptly. Overall highly recommended. Special callout to Nidhi, Saloni, Anjalin, Shreya and Priyanka for promptly helping us throughout the process.Poornima Singh05/06/2024I am writing to thank you for the quality of service provided by your company. We sincerely appreciate your efficient, gracious customer service, the level of detail and accountability you have demonstrated and the way you conduct business as a whole. A special Thanks to Ms Saloni for her great help throughout.Abhishek Chaturvedi01/05/2024Excellent service and experienceGoogle rating score: 4.9 of 5, based on 427 reviews
Explore more of our blogs to have better clarity and understanding
of the latest corporate & business updates.
Valuations play a pivotal role in scaling your business. Whether you’re preparing for funding, strategic
Disclaimer: This content includes multiple resources and references attached for relevant topics to provide comprehensive
Understanding Acquisitions: A Detailed Overview What is an Acquisition? An acquisition is a corporate action
Establishing a Robust Complaint Redressal Mechanism Introduction A robust complaint redressal mechanism is crucial
Want to Setup your business in India? Connect with the best Online Registration, Licenses and Return filing solution providers for business across India. Since 2007, LegalSuvidha has been a one-stop shop for all startups or entrepreneurs looking for a chartered accountant, company secretary or lawyer. We have been ensuring Startups and SMEs are fully compliant with India’s legal system. Over the past 15 years, the depth of our offerings has increased and that too at affordable prices and customer satisfaction has made our standing different and we are giving a tough competition to other online facilitators of legal services in India. We have the best team for Company incorporation, Trademark Registration, Auditing, Advisory and Tax Filing for large, medium, small businesses and Startups in India.
Most of the budding entrepreneurs are in dilemma about what kind of entity to register when they start their business. Should it be a private limited company, limited liability partnership, partnership firm, one person company or a sole proprietorship? Each of these has its advantages and disadvantages. The type of entity should be chosen only after one round of consultation with our experts, as they will be in a better position to guide on the same. For example, Registering as a private limited company would be a good fit for any venture that will look for funding at a later stage. You can contact Legalsuvidha for any type of registration and advice you need for your business transactions. We assure you of great professional service at a reasonable price. You can connect with us for a free check on the Company name availability.
The importance of intellectual property is very much but most of the businesses are not aware of the same. We at LegalSuvidha simplify the process for you to register a Trademark for your brand, to get copyright for your artistic, creative ability and will also help you in patenting the process after a proper patent search patents which will ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At Legalsuvidha, we are very well equipped to handle all your IP requirements. We facilitate trademark applications in just two days, copyright registration for all your software, pictures, audio, and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications.
To do any business in India, you need a license for almost everything. Started a manufacturing business? You need a GST Registration and a Trade License. For a food business, you need an FSSAI license. In case you have employees, You need a Professional Tax registration and Shops & Establishments Act Registration. If that’s not enough, you also need to file GST Returns and Professional Tax Returns.
There is a lot of importance of legal documentation when you start your business, whether with your Investors, partners/co-directors, employees and any vendors you deal with. By getting a lawyer to draft contracts or agreements with new vendors, employees, and investors, you’re ensuring that you have all the downsides covered. At LegalSuvidha, we connect you to lawyers who will deliver complex documents, from shareholders’ agreements and founders’ agreements to terms of service/privacy policy and non-disclosure agreements, at a reasonable cost in a few days.
It’s not enough to have started a private limited company or an LLP. You need to comply with all the requirements of the Ministry of Corporate Affairs, Central Board of Indirect taxes and Central Board of direct taxes once you register your business. You need to inform them of every relevant change you make, whether it is adding a director, removing a partner or increasing authorized share capital. You also need to file annual returns and maintain your accounts. In the case of a private limited company, you even need them audited. At LegalSuvidha, we facilitate all these services completely online. This means you can engage a professional on retainer for the year and we’ll ensure that all the formalities are completed for you while you focus on your business.
We are Authorized e-return Intermediaries and have recently launched our own ITR filing platform, this will help the salaried employees and businesses to get their ITR filed within the time and at a reasonable price. Through the use of automation, the system is highly effective and will help in filing ITR in up to 10 minutes for Salaried employees. We have on-boarded the best Chartered Accountants who will provide consultation for both Salaried employees and Businesses to file proper taxes to the government of India. This will help in avoiding legal notices in the future and will also help in getting the returns processed at the earliest. We are the first in the market to launch the ITR filing facility for FY 2018-19.
Legal Suvidha © 2013-2024. All Rights Reserved.