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Closing of LLP

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.

. WHY Closing of LLP .

Avoid unwanted penalties

If your business is not generating any profit and creating liability on your head, its better to close the entity rather continuing it.

Realization of Assets

LLP has separate legal entity can hold property on its name, after closer all assets hold by LLP may distribute among its partner.

Fresh Start

If you want to restart your business from the beginning and do not want to carry your old organisation due to your reasons.

. DOCUMENTS .

For Designated Partners
  • PAN and Adhaar Card
  • Copy of Consent of all Partners
  • Copy of the undertaking/ indemnity bond for striking off name Indemnity bond
  • Copy of statement of assets and liabilities duly certified.
  • Copy of acknowledgement of latest Income tax return.
  • In case your LLP has not started any business or operation or in case it started is not carrying the same as of now since past one year.
  • All debts and liability should be set off before submitting the application.
  • Bank Account of LLP shall be close before closure.
  • Annual Return or ITR of LLP must be file before LLP closure Applcation
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