LLP Form 4

Introduction

LLP has become a popular choice as it offers limited liability to its partners. However, every business faces changes with the flow of time. To remain compliant with MCA, LLPs are required to update this information using the LLP form 4. LLP Form 4 is used for various changes such as admission of new partner, cessation of existing partner, change in name, change in office address, etc. LLP Form-4 is used to report these changes with ROC. Certain fees are required to file the changes. If the LLP form 4 is not filled on time, then in that case certain penalties will be levied. In this article, we will cover everything about form 4 LLP.

What is LLP Form 4 and its Purpose?

LLP Form 4 is used to update the changes happening in the LLP. It is a statutory form used to file with ROC to notify the changes regarding partners. However, there are many purposes for which form-4 is required to fill. These purposes include:

Documents Required to file LLP Form 4

There are certain documents required to file form-4. These documents depend on the reason you are filling form-4. These documents include:

• Consent Letter: A consent form is required signed by all the designated partners for the appointment of a new designated partner. This consent form works as proof of admission of a new partner to update with ROC.
• Evidence of Cessation: A proof is required of the partner removed from the LLP. This evidence can be a resigning letter.
• Resolution of LLP: If there is any change in the name, a resolution letter is required.
• Digital Signature: A Digital Signature of a designated partner is required in order to make any change. The Digital Signature signifies that they are aware of the changes happening in the LLP.

Fee Structure of LLP Form 4

The fee for filing form-4 of LLP depends on the size of the LLPs. Following is the table with the detailed fee structure:

LLP Form 4 Due Date & Penalty Structure

LLP Form-4 must be filed within 30 days after the admission/ cessation/ change in name, address, or designated partner. There is a certain late filing fee for form-4 LLP. The penalty depends on the type of LLPs and the period of delay. The detailed penalty structure is given below:

Why Bizfoc?

Bizfoc provides easy changes by filing form 4 of LLP. We assist you in gathering the complete documents to update the changes with ROC. As a busy professional, your time is valuable, allowing us to handle your paperwork, and you can focus on your LLP growth & success. Also, our services are designed to be cost-effective without compromising on quality. Consult with Bizfoc now in order to file your form-4 for your LLP.

Conclusion

LLP Form 4 is a mandatory event-based compliance that updates about the changes within the LLP to ROC. It is essential compliance that every LLP must be aware of. However, there are various purposes of filing form 4 LLP, such as the appointment of a new partner, cessation, change in nominee, change in name of nominee, change in address of nominee, etc. If you’re not sure about the filing process or the documents required, it’s always wise to consult professionals who can guide you through the procedure, ensuring your LLP remains compliant and operational.

Frequently Asked Questions