Who files statements for an LLC
Who is responsible for filing our LLC's financial statements?
The situation
For an LLC, the manager or board of managers prepares and files the statements and gives partners a copy at least 21 days before the annual partners meeting.
The law
- Ministry of Commerce guidance on filing financial statements: Statements filed on Qawaem within six months of year end by the manager or board
What it means for you
If the manager lives abroad, delegate portal access early. The 21-day notice to partners means statements must be ready well before the six-month deadline. Example: meeting on 20 June means statements to partners by 30 May.
What to do
- Confirm the manager's Qawaem access.
- Send statements to partners 21 days before the meeting.
- File on Qawaem.
We can do this for youAnnual financial statements, statutory audit and Qawaem filing within six months: SAR 6,000