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Statement of Account and Solvency (LLP) | N D Savla & Associates

Statement of Account and Solvency (LLP)

About Statement of Account and Solvency
Every Limited Liability Partnership (LLP) is required to file a Statement of Account and Solvency annually with the Registrar. This statement provides details of the financial position of the LLP and confirms its ability to meet liabilities. It ensures financial transparency and regulatory compliance.
What We Do
We assist in preparation, verification, and filing of the Statement of Account and Solvency. From compiling financial data to ensuring accurate disclosures and timely submission, we handle the entire process to keep your LLP compliant and penalty-free.
Why Choose Us

Financial Compilation

Preparation of financial statements and required data.

Accurate Reporting

Ensuring correct disclosure of assets, liabilities, and solvency status.

Timely Filing

Submission within statutory deadlines to avoid penalties.

ROC Filing

End-to-end filing with Registrar of Companies.

Compliance Assurance

Adherence to LLP Act and financial reporting standards.

Expert Support

Handled by experienced professionals in LLP compliance.

Services Covered

Statement Preparation

Preparation of Statement of Account and Solvency (Form 8).

Financial Review

Analysis and verification of financial data.

Certification Support

Ensuring required approvals and certifications.

Form Filing

Filing Form 8 with ROC within due date.

Deadline Tracking

Monitoring due dates to avoid late fees.

Post-Filing Support

Assistance with acknowledgments and queries.

Frequently Asked Questions

What is Statement of Account and Solvency?

It is an annual filing that provides financial details of the LLP and confirms its solvency.

Which form is used for filing?

Form 8 is used for filing Statement of Account and Solvency.

What is the due date?

The form must be filed on or before 30th October every year.

Is filing mandatory?

Yes, all LLPs must file this form regardless of business activity.

Is audit required?

Audit is required if turnover or contribution exceeds prescribed limits.

What are penalties for late filing?

Late filing attracts additional fees on a per-day basis without a maximum limit.

What details are included?

It includes financial statements, assets, liabilities, and solvency declaration.

Who signs Form 8?

It must be signed by designated partners and certified by a professional if required.

Can professionals assist?

Yes, professionals ensure accurate preparation and compliance with filing requirements.

Need Help with LLP Financial Compliance?

Ensure accurate and timely filing of Statement of Account and Solvency.

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