LLP Rules are clear. You have to file Form 11 and 8 for the years in which the LLP was active and business was being done.
If LLP was formed in 2024 but no business was ever done, you can mention that in the affidavit and close the LLP in form 24. Submit the indemnity bond, affidavit, resolutions, covering note and other documents. Mention that business was never started. Please note that in any case, you have to file at least one ITR and share details in Form 24.
How can I close an LLP myself? It was just registered, never operational.
Since it was never operational, you can simply close the LLP by filing e-Form 24. Further, Annual returns in Form 11 and Form 8 need not be filed. ( There is now an amendment allowing this). The existing partners have to submit the following as attachments to Form 24: 1. Covering Letters 2. Statement of Assets/ Liabilities 3. Affidavits for Closure 4. Indemnity bonds 5. Details of closure of bank account/ Affidavit that bank account was never opened 6. Certified True copy of Partners Resolution for closure application However, note that the e-form 24 needs to be certified by professional CA/ CS. Further the statement of assets/liabilities has to be attested by a CA. —-Corporate compliance Team Entrecap Business Services The above answer is with respect to the specific query (with limited inputs) asked on an open platform. It shall not constitute or mean or purport to mean actionable legal or professional advice in any manner. Readers are advised to speak specific professional advice before making a decision. Team Entrecap Business Services, while attempting, to answer a query, to the best of its ability, is in no way responsible for any action taken by anyone based on above answer.
—- Corporate Compliance Team
Entrecap Business Services
The above answer is with respect to the specific query (with limited inputs) asked on an open platform. It shall not constitute or mean or purport to mean actionable legal or professional advice in any manner. Readers are advised to speak specific professional advice before making a decision. Team Entrecap Business Services, while attempting, to answer a query, to the best of its ability, is in no way responsible for any action taken by anyone based on above answer.