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Closing an LLP (limited liability partnership) means winding up an LLP (Inactive or dormant) either by voluntarily, by Compulsory winding up or by declaring as Defunct. Majorly, LLP wound ups happen to avoid the annual legal compliance formalities or to avoid the penalties associated with the legal compliance. the companies act 2013 read with Limited Liability Partnership Act, 2008 are applicable at the time of closure of LLP.
- Declaring the LLP as Defunct: It is done when LLP is not carrying any business for the period of one year or more then they can make application for removing the name of LLP from its register of LLP’s
- Winding up of LLP: The process where Assets of the business disposed off to meet the liabilities of the same after that surplus if any distributed among the owners. The LLP 2008 provides two modes for winding up i.e.: Voluntary winding up and Compulsory winding up.
Legal Brother’s has a dedicated team of legal experts in LLP incorporation and LLP closures. You may request your company’s closure in Delhi, Mumbai, Bangalore, Kolkata, Kanpur, Bareilly, Lucknow, Kanpur, Ghaziabad, Ludhiana, Faridabad, Meerut, Varanasi, Srinagar, Amritsar, Allahabad, Chandigarh, Bareilly, Moradabad, Gurgaon, Aligarh, Jalandhar or any other cities in India.