Close the LLP

Efficiently conclude your Limited Liability Partnership (LLP) with our streamlined closure service.

    About Our Service

    A Limited Liability Partnership (LLP) can be closed by requesting its closure from the Registrar and having its name removed from the Register of LLPs. This is applicable to LLPs that have either stopped operating completely or for a year or more following their incorporation. In order to avoid fines or penalties for inactivity, it is best to close an LLP that has gone dormant rather than complying with all requirements.

    A Limited Liability Partnership (LLP) can be closed under the following conditions:

    It has been inactive since its incorporation or for at least one year.

    It has no assets or liabilities at the time of application for closure.

    The current account of the LLP has been closed.

    Consent from all relevant parties, including creditors, authorities, and partners, has been obtained.

    Reasons for the closure of a LLP

    Reasons for the closure of a Limited Liability Partnership (LLP) include:

    Fulfillment of the specific purpose for which the LLP was registered.

    Insolvency of the LLP.

    Inactivity of the LLP for at least one year.

    Court-ordered closure of the LLP.

    Lack of interest from the partners to continue the partnership.

    Desire to close the LLP after the death of other partner(s).

    Documents Required

    Address Proof of LLP.

    NOC from the landlord (If the registered office is rented, rent agreement & one utility bill).

    Statement of accounts revealing NIL assets & NIL liabilities, certified by a Chartered Accountant.

    Copy of acknowledgement of the latest ITR.

    Copy of the initial LLP agreement and any changes made thereafter.

    Affidavit signed by the designated partners of LLP confirming business cessation and indemnifying any liability.

    Certificate or statement from the bank demonstrating the closure of LLP's bank account (if applicable).

    NOC for strike-off from secured creditors & partners (if any).

    Detailed Application with full LLP details and reasons for closure.

      Authority to Make the Application, duly signed by all the partners.

    Indemnity Bond given by each designated partner, duly notarized, stating the liabilities to be met even after the LLP's name is removed.

    Indemnity Bond on Non-Judicial Stamp Paper of adequate value, executed before the Public Notary.

    With the introduction of LLP (Amendment) Rules, 2017, the procedure for winding up an LLP has become simple and easy with the introduction of LLP E-Form 24.

    Close the LLP Costs

    Close the LLP

    ₹ 2,999 / Only

    Plus Government Fees, Stamp Duty Extra.

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      Why Choose FilingMan

      For Close the LLP?

      Closing a Limited Liability Partnership (LLP) is a significant step that requires careful navigation of legal and procedural complexities. FilingMan offers a dedicated and knowledgeable team with expertise in LLP closure, ensuring that the entire process is executed smoothly and in accordance with regulatory guidelines. From preparing the necessary documentation and resolutions to managing communication with regulatory authorities, FilingMan guides you through every stage of the closure process.

      What sets FilingMan apart is our commitment to precision and efficiency. We understand that closing an LLP involves various legal formalities, financial considerations, and compliance obligations. With FilingMan's service, you can trust that these aspects are managed with utmost professionalism, allowing you to focus on winding up your business affairs. Our personalized approach ensures that your specific needs are met, and our experts provide guidance at every step to ensure a seamless and well-organized closure for your LLP.

      Close the LLP FAQ'S

      Why would I need to close my Limited Liability Partnership (LLP)?
      LLP closure may be necessary due to various reasons, such as business restructuring, financial challenges, or the completion of the LLP's objectives. Closing an LLP is a formal process that ensures the legal Close of the entity.
      How can FilingMan assist in closing my LLP?
      FilingMan offers a comprehensive service that covers all aspects of LLP closure. From drafting the necessary resolutions and documentation to handling communication with regulatory authorities and creditors, our experts guide you through the entire process to ensure a seamless and compliant closure.
      What documents are typically required for closing an LLP?
      Generally, documents like LLP closure resolutions, consent forms from partners, financial statements, and creditor confirmations are needed. Additional documentation may be necessary based on your LLP's specific circumstances and regulatory requirements.
      How long does the LLP closure process usually take with FilingMan?
      The duration can vary depending on factors like the complexity of your LLP's affairs, regulatory processing times, and creditor settlements. FilingMan aims for efficiency while ensuring all legal obligations are fulfilled during the closure process.
      What are the benefits of using FilingMan's LLP closure service?
      FilingMan's service ensures a structured and compliant LLP closure, relieving you of the administrative and legal burdens associated with the process. By choosing FilingMan, you can trust that your LLP's closure is managed with expertise, precision, and attention to detail, allowing you to wrap up your business affairs with confidence and peace of mind.