Wind Off

Your LLP

No business started since incorporation? Wind up your LLP and stop complying with routine compliances. Prices start at INR 8999/- only.

Strike Off LLP
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Close LLP

All you need to know

LLP means an alternative corporate business form that it gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners. It is capable of entering into contracts and holding property in its own name.

 

Ways of LLP Strike off

An LLP can strike off its business by adopting any of the following two ways:

 

A) Declaring the LLP as Non-functioning:

In case the LLP wants to close down its business or where it is not carrying on any business operations for a period of one year or more, it can make an application to the Registrar for declaring the LLP as defunct and removing the name of the LLP from its register of LLP’s.

 

B) Winding up of LLP:

It is a process where all the assets of the business are disposed off to meet the liabilities of the same and surplus any, is distributed among the owners. The LLP Act 2008 provides for following two modes for winding up the LLP i.e.:

  • Voluntary winding up
  • Compulsory winding up

 

When the LLP has incorporated a Certificate of Incorporation is issued by the Registrar of Companies which acknowledges the existence of the LLP. Once the name of the LLP is entered into registrar it cannot be removed unless the LLP applies for it or processed by law. When the LLP fails to commence its business or fails to submit yearly returns, the registrar by its own may put the name of the LLP into strike off.

 

In case the LLP wants to close down its business or where it is not carrying on any business operations for the period of one year or more, it can make an application to the Registrar for declaring the LLP as defunct and removing the name of the LLP from its register of LLP’s. To know more on closing an LLP, you may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation.

LLP Closing Charges

Choose Your Package

ESSENTIAL

8999/-

(All Inclusive)

  • Wind up an LLP with no transactions since incorporation
Popular

ENHANCED

11999/-

(All Inclusive)

  • Wind up an LLP with no transactions since incorporation
  • One year annual filing of forms
  • One year Income tax return

ULTIMATE

13999/-

(All Inclusive)

  • Wind up an LLP with upto worth Rs. 40 Lakh transactions
  • One year annual filing of forms
  • One year Income tax return

Easily Strike off LLP

Points to make your decision easy

Close LLP

An LLP can also be closed by filing an application with the MCA in about 3 to 6 months. There’s a fast track exit process. The entire process can be completed online and It makes it easy and hassle free.

Cost of closing llp

If an LLP is inactive or doemant then rather than complying with various norms such as filing, audit etc, it is advisable to wind up a dormant LLP. This saves compliance costs every year.

Avoid Penalties

An LLP that doesn’t file its compliance on time incurs fines and penalty including debarment of the partners from starting another LLP. Hence, it is advisable to legally wind up an LLP that is dormant or inactive.

How to Close an LLP in India / Closure of LLP in India?

 

5 Easy Steps

1

Complete 1 simple form

2

Submit Documents

3

Application of Strike Off

4

Processing of Application

5

Your LLP is under Strike Off Procedure

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