The basic requirement of LLP is the timely filing of returns. Failure in this could be very expensive; get in touch with us to avoid late fees.
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In comparison to Private Limited companies, Limited Liability Partners have very few compliances to be filled. LLPs only need the file information of statement related to the company’s accounts and annual returns on an annual basis. Entities who fail in doing so could be fined heavily, with penalties going beyond 5 lacs and so.
Many firms let their compliances pending and they pile them up, which later on becomes much complicated than is often imagined. So, it is recommended to stay disciplined from the very initial days of the startup. As, if you would be looking for a bank loan or any investment, both of them would like to know if your business compliant with the Registrar of ROC’s requirements.
It is recommended to have a company secretary on call throughout the year, this not only ensures that your business is running in accordance with the laws in force but also you’ll be kept updated about the changes made by the ROC throughout the year.
The default option for start-ups and growing businesses as only private limited companies can raise venture capital.
The default option for start-ups and growing businesses as only private limited companies can raise venture capital.
The default option for start-ups and growing businesses as only private limited companies can raise venture capital.
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