Statutory Compliance Checklist for LLP Companies
Starting a business and running it is never an easy task. You need a lot of patience, skills, time, determination and very importantly a good amount of money to make it move ahead. There are a lot of formalities, law adherence, GST filings, return filings, registration in various departments and so on. To make your business run smoothly, it becomes mandatory that you follow all these rules and regulations and that you are saved from heavy penalties. Today, we are going to discuss one such entity i.e. LLP and all the mandatory Annual Compliance for LLP Company . What is an LLP? LLP refers to a limited liability partnership. It is one of the business entities which are registered under the MCAs (Ministry of corporate affairs). In order to get registered under LLP, a minimum of two people are required as partners and one out of them should mandatorily be an Indian native and resident. It is the responsibility of both the partners to file the income tax r...