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LLP Closure

Get professional advice from our experts to close your inactive/inoperative Limited Liability Partnership (LLP)

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What is Limited Liability Partnership (LLP) Closure?

When the things do not work out properly a business may have to be shut down. When existence of the LLP as a legal entity comes to an end it is known as the Closure of the LLP. A business may be required to be closed due to various reasons, like non-operation, closure of business, recurring losses, the passing of the key managerial person, the dispute among promoters, un-ability to pay debts of the LLP, etc.

What are the reasons to close the LLP?

When the things do not work out properly a business may have to be shut down. When existence of the LLP as a legal entity comes to an end it is known as the Closure of the LLP. A business may be required to be closed due to various reasons, like non-operation, closure of business, recurring losses, the passing of the key managerial person, the dispute among promoters, un-ability to pay debts of the LLP, etc.

When we can apply for LLP closure?

In case the LLP wants to close down its business or where it is not carrying on any business operations for the period of one year or more, it can make an application to the Registrar of Companies for declaring the company as defunct and removing the name of the LLP from its register of LLP&asop;s. As per Rule 37 of LLP Rules if a LLP wants to strike off it should not carrying on any business operations for the period of one year or more.

Our Packages

LLP Closure

Inclusive Government Fees

Starting at

₹ 9999

GST will be charged at 18%

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LLP Closure (LLP Form No. 24)

Which form is required to be filed with ROC for making application under fast track exit mode?

An application is required to be made in e-Form 24 to the Registrar of Companies for Striking off the name of the LLP under Rule 37(1)(b) and 37(1A) of LLP Rules.

Document Information

Documents Required For Limited Liability Partnership (LLP) Closure:-

  • 1.) Id Proof and Address Proof;
  • 3.) Copy of latest Income Tax Return
  • 5.) Copy of Affidavit and Indemnity Bond signed by the designated partners;
  • 7.) Authority Letter signed by each designated partner.

  • 2.) Statement of account disclosing nil assets and nil liabilities;
  • 4.) Copy of the initial limited liability partnership agreement;
  • 6.) Consent by each partner to make application;
  • 8.) Bank Account closure certificate