Closing LLP

Closing an LLP (Limited Liability Partnership) in India

Introduction

A Limited Liability Partnership (LLP) offers flexibility of partnership with the benefits of limited liability. However, there may come a time when partners decide to close the LLP—whether due to business closure, inactivity, restructuring, or other reasons.

In India, an LLP can be closed through the strike-off process or winding-up process under the LLP Act, 2008. This involves settling liabilities, obtaining partner consent, and filing necessary forms with the Ministry of Corporate Affairs (MCA).

We provide end-to-end assistance for legally closing your LLP without hassles or penalties.

Ways to Close an LLP

1. Strike-Off of LLP (Fast Track Closure)

   • Applicable if the LLP has been inactive for at least 1 year.

   • No liabilities should remain unpaid.

2. Voluntary Winding-Up

   • Partners mutually decide to wind up operations.

   • Creditors' consent required if there are debts.

3. Compulsory Winding-Up

   • Initiated by Tribunal in cases of fraud, illegal activities, or inability to pay debts.

Legal Provisions

• Governed by LLP Act, 2008 & LLP Rules, 2009.

• Forms to be filed: Form 24 for strike-off.

• Registrar of Companies (ROC) has the authority to remove the LLP’s name from the register.

Process of Closing LLP

1. Consent & Resolution

• Partners pass a resolution approving closure.

2. Settlement of Liabilities

• All debts and obligations must be cleared.

3. Preparing Required Documents

• Indemnity bond & affidavit by partners.

• Statement of accounts (not older than 30 days).

4. Filing Application with MCA

• File Form 24 along with required documents.

5. ROC Verification & Closure

• If satisfied, ROC strikes off the LLP’s name from records.

Documents Required

• PAN card of LLP.

• LLP Agreement.

• Consent of all partners.

• Latest statement of accounts certified by CA.

• Affidavit & indemnity bond from partners.

• Proof of closure of bank account.

Timeline & Compliance

• Generally completed within 3–6 months if all documents are in order.

• Delay in closure may lead to additional compliance penalties.

Why Choose Us for LLP Closure?

Expert Legal Guidance – Ensure full compliance with LLP laws.
End-to-End Support – From document preparation to MCA filing.
Quick & Hassle-Free – Minimal partner involvement required.
Affordable Pricing – Transparent fees, no hidden charges.

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Avoid unnecessary penalties for a dormant LLP. Close it legally with our professional help.

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