INR 15,000 /- (All Inclusive)
Shut Down Your LLP operations Safely and Legally
Say no to major issues associated with LLP shutdown with TrademarkBazaar! Complete all the formalities by choosing the domain experts.
Limited Liability Partnership (LLP) is a quite popular business format in India in which all the members have limited liabilities. In general, an LLP is incorporated under legal terms and documents. Alike any other business model, LLP also has its pros and cons. The respective authority has defined clear procedures with respect to the incorporation and winding up of an LLP in India.
At Trademark Bazaar, we provide all necessary help to LLPs looking to shut down their operations in a legal way. According to LLP Act, 2008, there are necessary guidelines that need to be followed while closing an LLP. Our strong team of professionals ensures that our clients don’t encounter major hassles while shutting down the operations of their LLP.
There are basically two ways to close an LLP -
1. Declaring your LLP Non-operational
In this case, an application needs to be made mentioning that the LLP is no more operational and the same should be submitted to the Registrar of Companies (ROC). eForm needs to be filed under Section 37(1)(b) and all the documents mentioned in the form to be submitted and name of your LLP thus are struck off from the LLP’s register.
2. Shutting down your LLP
The section 63, 64 and 65 of LLP Act 2008 controls the process for winding up of the LLP. It is the process where all the assets of the business are written off to meet the liabilities of the LLP and surplus any, is dispersed among the owners. The LLP Act 2008 provides for following two options for winding up the LLP that is -