Closure of your LLP
@ Just Rs. 5000
What you will get –
Consultation + Application Preparation for Closure of Company + Financial Statement Creation + Application Filing
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Closure of Limited Liability Partnership (LLP)
Closure is the situation, during which all the assets of the business are sold to paying off creditors and distributing surplus if any, among the owners of the business. An LLP may choose its business closure by two modes, either by voluntarily closure or compulsory closure, depending on the situation or the reason for closure.
In voluntary closure, the partners will simply decide between themselves for closure of operations of the business. In compulsory closure an LLP will be compulsorily closed as per the order of the governance tribunal. There are few predefined cases for the LLP compulsory closure. Eg. when LLP is unable to pay off its debts, where the number of partners of the limited liability partnership is reduced below two and it continues for the period of more than six months.
SimplyBusiness can help you to declare closure your Company from your workspace, in just few clicks and few phone calls. SimplyBusiness can help you start the process for closure of your LLP in 2 weeks to 3 weeks. Whole process for closure of a LLP can be completed within 3 to 6 months, subject to company size and government processing times. The process and time period for closure of a LLP company could also differ from case to case, based on unique situation or reason. To discuss more about a company, get in touch with a SimplyBusiness Advisor.
- Consent of all partners and investors
- Undertaking/ indemnity bond
- Statement of assets and liabilities and evaluation report of assets
- Acknowledgement of income tax return
- Affidavit, NOC(No Objection Certificate), DSC (Digital Signature Certificate)
Q. LLP is still operative, can i close it down?
Q. Is there any time limit to file closure documents with ROC?
Q. Do i need to surrender PAN of LLP?
A. Yes, application of the surrender of PAN Card is required to be made. This service is not included in our package.