LLP Closure Services in India

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Looking for online LLP closure services? Get professional assistance with documentation, compliance review, MCA filing and the overall LLP closure process.

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LLP Closure Services - An Overview:

LLP Closure Services in India help businesses formally discontinue a Limited Liability Partnership and complete the required legal and regulatory formalities. For partners looking to close LLP in India, the process generally involves reviewing the LLP's eligibility for closure, settling outstanding liabilities, completing pending compliances, preparing the required documents and filing the application for strike-off with the Ministry of Corporate Affairs (MCA).

Professional assistance can help ensure that the application and supporting documents are prepared correctly and that applicable requirements are addressed. LLP closure services are useful for partners who want to close an inactive LLP in an organized and compliant manner while avoiding unnecessary ongoing statutory obligations.

When Should an LLP Consider Closure?

An LLP can apply for closure when:

  1. The LLP has remained inactive and has not carried on any business or operations for at least one year.
  2. All partners have given their consent to the closure of the LLP.
  3. The LLP has completed the applicable Form 8, Form 11 and other pending statutory compliances.
  4. The LLP has settled its liabilities and has no outstanding obligations that would prevent its strike-off.
  5. Any LLP bank account has been closed, wherever applicable and proof of such closure is available.
  6. The required Statement of Account and other supporting documents have been duly prepared.
  7. The LLP does not fall under any of the restrictions or circumstances that would make it ineligible to file Form 24.

LLP Closure Services We Offer:

  1. Reviewing the LLP's status and determining whether it qualifies for strike-off.
  2. Checking outstanding statutory filings, including applicable Form 8 and Form 11 requirements.
  3. Preparing the Statement of Accounts, affidavits, declarations, consent documents and other supporting documents.
  4. Providing LLP Strike Off Services, including assistance with preparation and filing of the application for striking off the LLP's name.
  5. Providing LLP winding-up services where the circumstances require a winding-up procedure.
  6. Assisting with the closure of the LLP's bank account, where applicable.
  7. Monitoring the application and assisting with responses to MCA queries or additional requirements.
  8. Assisting with the final formalities following approval of the LLP strike-off application.

LLP Closure Process in India:

Our LLP closure process in India is designed to help businesses complete the applicable legal, regulatory and administrative formalities in an organized manner.

  1. Understand the LLP's closure requirements.
  2. Review the LLP's compliance, assets, liabilities and closure eligibility.
  3. Prepare the required forms, statements, declarations and supporting documents.
  4. File the applicable LLP closure application with the MCA.
  5. Monitor the application and handle any MCA/ROC queries.
  6. Assist until the LLP is officially struck off from the MCA records.

Documents Required for LLP Closure:

  1. LLP Form 24
  2. Consent of all partners
  3. Affidavit by designated partners
  4. Indemnity bond
  5. Statement of Account
  6. Bank account closure proof, where applicable
  7. Latest Income Tax Return acknowledgement, where applicable
  8. Details/declarations relating to liabilities and proceedings
  9. LLP agreement and incorporation documents, where applicable

Statement of Account: A statement showing the LLP's financial position, including its assets and liabilities, prepared and certified in the prescribed manner. Where applicable, the LLP should have no assets and no liabilities before proceeding with strike-off.

Why Choose Our LLP Closure Services?

  1. End-to-end assistance from documentation to closure.
  2. Expert guidance on LLP closure requirements.
  3. Accurate documentation to help avoid errors and delays.
  4. MCA filing support for the required forms and submission.
  5. Compliance review before filing the closure application.
  6. Application tracking and follow up with the MCA.
  7. Transparent process with clear communication at every stage.
  8. Post-filing support until the LLP is officially closed.

Frequently Asked Questions (FAQs)

  • What are LLP Closure Services?

    LLP Closure Services help partners complete the required documentation, compliance and MCA filing formalities for closing an LLP.

  • When can an LLP apply for closure?

    An LLP may apply for strike-off when it meets the applicable conditions, including the prescribed period of non-operation and other eligibility requirements.

  • Does an LLP need to have nil assets and liabilities for strike-off?

    For the strike-off route, the LLP generally needs to have no outstanding liabilities and the required Statement of Account should reflect its financial position as prescribed.

  • Can an LLP with pending compliance apply for closure?

    Pending statutory compliances need to be completed before applying for closure. The LLP's compliance status should therefore be reviewed before filing.

  • How long does LLP closure take?

    The time required can vary depending on the LLP's compliance status, documentation, MCA processing and whether any additional information or clarification is required.

  • Do you provide Online LLP Closure Services?

    Yes. We provide online LLP closure services, including document preparation, compliance review, MCA filing assistance, application tracking and follow-up.

  • How can your team help with LLP closure?

    Our team provides end-to-end assistance, including eligibility review, compliance checks, document preparation, MCA filing, application tracking and support until the LLP is officially struck off.