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Closing LLP

Close your LLP in the easiest way
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LLP Closure

Limited Liability Partnership Company closing means the winding up of all the assets of the business either by selling them or distributing assets and dividing the share of surplus funds among the partners in the ratio of their share in the LLP after paying the creditors’ and distributors of the LLP

An LLP can close its business by two modes. One is voluntary closing and other is compulsory closing.

In voluntary closure partners can decide amongst themselves to close the operations of the business. In compulsory closure, an LLP may be forced to close by the order of the tribunal. Few circumstances of forced closures can be:-

  • When LLP is unable to pay its debts.
  • An LLP is being working for 6 months only with one Director.
  • The account statements and insolvency or annual returns of an LLP are not been filed for at least five years.

Aggarwals & Associates Closure of LLP package includes

The closure of LLP is done through Aggarwals & Associates in Chandigarh, Punjab, Haryana and other cities and it takes around 30-40 days. It includes:-

  • Directors affidavits for dues.
  • Indemnity Bond
  • Board resolutions creation
  • Statement of account preparation
  • Registration fees.
 

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