In case the Limited Liability Partnership (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’s.
If your business is not generating any profit and creating liability on your head, its better to close the entity rather continuing it.
LLP has separate legal entity can hold property on its name, after closer all assets hold by LLP may distribute among its partner.
If you want to restart your business from the beginning and do not want to carry your old organisation due to your reasons.
It became easy, just follow these steps to get your work done