Winding Up Limited Liability Partnership

It is not easy to start a Limited Liability Partnership and run it. However, it is even harder to move on and close the Limited Liability partnership. However, there are certain circumstances that make it a necessity close such a business entity. The reasons to winding up Limited Liability Partnership can be either of the following:

Any of the above circumstances can make it so that Strike of LLP is the only way. However, there can be other reasons as well.

Closing an LLP

There are two conditions under which you can close LLP in India, these are as follows:

How to close a LLP in India?

As for the question of How to close an LLP in India, the procedure of it is as follows:

As you can already gather, there is not much difference in the procedure to close LLP in India and the procedure to wind-up a company in India.

However, there are legal requirements that must be met. Therefore, you need legal assistance of our business experts.