Limited Liability Partnership
LLP is a separate legal entity created through a process of law. Limited liability partnership firm provides advantages of both company as well as partnership. LLP provides benefit of limited liability as company and right to participate in the business as partnership firm. The liability of partners in LLP is limited to their agreed contribution in LLP. An LLP can also limit the personal liability of partner from error, omission or negligence of the LLP’s employees or agents. LLP is managed as per LLP agreement entered between partners. However in the absence of LLP agreement Schedule 1 of LLP Act, 2008 applies
Why Choose SCA India Limited Liability Partnership
Professional Charted Accountants
Our founders are Chartered accountants having diverse experience in the filed of accounting, finance and compliance management
Dedicated Team
We have dedicated team of Chartered accountants and Company Secretaries
In-House Services
We provide all services in-house
Advantages of Limited Liability Partnership
- LLP Annual Return: Annual return is required to be filed with registrar of LLPs at year end containing all the important information.
- Financial Statements: The statement of accounts of LLP are need to be file annually in the prescribed form (Form 8) with registrar.
- Audit: Audit of LLP is required in case of turnover exceeding Rs. 40 Lakhs or contribution exceeding Rs. 25 Lakhs.
- Income Tax Return: As LLP is a separate legal entity, a separate income tax return is required to be file annually.