Closing a Limited Liability Partnership (LLP)

Closing a Limited Liability Partnership (LLP) involves a legal process where partners agree to dissolve the LLP through a meeting and resolution. The LLP must settle all debts and liabilities, liquidate assets if needed, and file documents with the Registrar of Companies (RoC). If the LLP is solvent, partners submit Form 24 for voluntary dissolution and provide a declaration that all dues are paid. A public notice is published to inform creditors. If insolvent, a liquidator is appointed for asset distribution. Once approved by RoC, the LLP is legally dissolved. Professional guidance ensures smooth closure, and compliance, and avoids future liabilities.