LLP Statement of Account & Solvency (Form 8)

File Your LLP’s Annual Accounts and Solvency Declaration in Form 8

The statement of account and solvency is one of the two mandatory annual filings for a Limited Liability Partnership and is filed in Form 8. It sets out the LLP’s financial position and includes a declaration by the designated partners as to the solvency of the LLP. Form 8 must be filed within thirty days from the end of six months of the financial year, and, like other LLP filings, delay attracts a per-day additional fee with no cap.

Our Form 8 services prepare the statement of account and solvency accurately, arrange the designated partner declarations and certification, and file within the deadline. This filing pairs with the annual return in Form 11 and is explained alongside the annual return of LLP, all within our LLP compliance services.

Our LLP Form 8 Services

Form 8 Preparation

Preparing the statement of account and solvency in Form 8 for the financial year.

Statement of Accounts

Compiling the LLP’s statement of accounts reflecting its financial position.

Solvency Declaration

Preparing the declaration of solvency to be made by the designated partners.

Designated Partner Signing

Arranging signing of Form 8 by the designated partners as required.

Professional Certification

Arranging certification of the statement by the appropriate professional where required.

Timely Filing

Filing Form 8 within the prescribed timeline to avoid additional fees.

Benefits of Timely Form 8 Filing

Accurate statement of the LLP’s financial position
Proper declaration of solvency by designated partners
Correct signing and certification of the form
On-time filing that avoids the per-day additional fee
Consistency with the annual return in Form 11
A compliant, complete annual filing record

Frequently Asked Questions

What is Form 8 for an LLP?

Form 8 is the statement of account and solvency of an LLP. It presents the LLP’s financial position for the year and includes a declaration by the designated partners regarding the solvency of the LLP. It is one of the two mandatory annual filings for every LLP.

When is Form 8 due?

Form 8 is generally due within thirty days from the end of six months of the LLP’s financial year. Since LLPs follow an April to March year, this typically means the statement of account and solvency has to be filed by the end of October each year.

What does the statement of solvency mean?

The statement of solvency is a declaration by the designated partners as to whether the LLP is able to pay its debts in the ordinary course of business. It forms part of Form 8 and gives the Registrar an indication of the LLP’s financial health for the year.

Who signs Form 8?

Form 8 is signed by the designated partners of the LLP, who make the declaration of solvency, and it is certified by the appropriate professional where required. Their signing confirms the correctness of the statement of account and solvency being filed.

What is the penalty for late filing of Form 8?

Late filing of Form 8 attracts an additional fee of one hundred rupees per day of delay per form, with no maximum limit. Because this accumulates without a cap, filing the statement of account and solvency on time is important to avoid a mounting liability.

File Your LLP Form 8 Accurately and On Time

Reliable statement of account and solvency filing for your LLP.