LLP FORM 8
Running an LLP in India? You already know how flexible and tax-efficient the structure is. Then here’s something you simply can’t ignore — Form 8.
It looks like a simple compliance, but missing it can cost you heavily in penalties and credibility!
Form 8 is officially called the “Statement of Account and Solvency” — a declaration to the Ministry of Corporate Affairs (MCA) that your LLP is financially healthy, solvent, and compliant.
It shows how your business is doing — what you own (assets), what you owe (liabilities), how Whether your firm made profits or had zero business, filing Form 8 is mandatory every year before 30th October.
Because in compliance, timeliness isn’t just good practice — it’s your reputation.
Documents Required:
- Statement of Accounts (Balance Sheet and Profit & Loss A/c)
- Statement of Solvency (confirmation that LLP can meet liabilities)
- Digital Signature Certificates (DSC) of both Designated Partners
- Certificate by a Chartered Accountant (if turnover > ₹40 lakh or contribution > ₹25 lakh)
- Audited Financial Statements (if applicable)
FAQs
No! Form 11 is the Annual Return (structure & partner details). Form 8 is the financial statement & solvency report.
If an LLP is incorporated after 30th September of a financial year, its first set of annual filings will be due in the next financial year, i.e., Form 11 by 30th May and Form 8 by 30th October of the following year.
No. Audit is only needed if turnover > ₹40 lakh or contribution > ₹25 lakh.
If an LLP fails to file its annual returns and Statement of Account & Solvency for five consecutive financial years, Registrar of Companies can initiate action to strike off or dissolve the LLP under the Section 75 of the LLP Act, 2008.
Yes, even if there’s zero turnover, you must file NIL Form 8 declaring solvency.