Close the Limited Liability Partnership (LLP)
Register your LLP to get double benefits of Partnership firm as well as Limited Liability
If you are willing to close the LLP
- The LLP should not be active for a period of at least a year,
- Should be inoperative from the date of establishment.
- The LLP should not have any assets on the date of application
Detailed Overview of Closure of LLP
A resolution has to be filed by directors of the company with the Registrar of Companies for closing an LLP within 30 days of its passing . A report of the company’s assets valuation must be prepared. Once it is done, the partners in majority need to make a declaration to the effect that the LLP has no debts or that it is in a position to pay all debts within a specified period, not exceeding even one year from the date of winding up of the company.
While you are registering for a business, you have different options like LLP or Limited Liability Partnership. If you register your company as LLP, then you would require to file mandatory returns whether it is doing business or not and in case you fail to file the returns, then the LLP will be subjected to penalties. Hence, filing returns becomes a necessary act in the case of LLP.
Deliverables
- DSCs for 2 Directors
- DINs for 2 Directors
- Drafting of AoA & MoA
- Drafting partnership agreement for LLP
- Stamp duty & Registration fees
- COI or Certificate of incorporation
- PAN and TAN registration.
- MSME
- GST
How to Close LLP in India?
Our professionals will help you with every step of the private limited company registration process.
- Step 1.
Resolution should be passed by majority of partners for dissolving partnership
- Step 2.
Form No. 1 is filled with ministry of corporate affairs
- Step 3.
No Debt Declaration has to be done by at least 2 member of LLP
- Step 4.
Form 4 & Value of Assets has to be submitted
- Step 5.
Creditor Consent should be acquired
- Step 6.
Filing Form 6
- Step 7.
Filing Form 9
Documents Required For Closing An LLP
Partners need to submit the following documents
Documents to be Submitted by LLP Partners
LLC Requirements to be eligible for closure
- The LLP should not have stated business after incorporation
- The LLP should not be engaged in any business for the past year
- The LLP should have no assets and liabilities
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Frequently Asked Question
Filing an application to the registrar with consent of all the partners of LLP, to shut down LLP
- Following are the conditions-
- PAN (compulsory)
- Inoperative or inactive from The date of incorporation or period of last one year
- No live bank account on the date of the application
- Filed the latest IT return
An application should be filed to the registrar regarding the matter along with required fee, consent of all the partners, copy of the latest IT return, affidavits and indemnity by all the designated partners, statement of accounts not older than 30 days from the application date
Yes, it is mandatory for all the partners to give their respective consents
If there are any assets or balance the account cannot be closed as defunct
No, no certificate will be provided but the status will be updated to “under the process of striking off”.
All the designated partners need to have mandatory signature on the closure application
A LLP is only eligible for closure if it was inoperative from the date of incorporation or inactive a period of one year till the date of application