Compliance

Get your business incorporated at the lowest price with compliance to regulatory requirements of Ministry of Corporate Affairs. Register a company today to get funding and tax benefits.

Winding up of Inactive LLP

Overview
Documents Required / Details of the product
Process

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.

An LLP needs to be closed down / LLP Strike off can be done on the following conditions:

LLP is inoperative from the date of incorporation or inactive for a period of at least one year
LLP does not have any assets/liabilities as on the date of application.
Closure of the current account of the LLP has been done
LLP Obtain the consent of the parties i.e any other authority, creditors, and partners.

Reasons why an LLP may close its business / Reasons for LLP Strike off?

The statutory compliance of maintaining an LLP is higher than the cost of winding up. If the LLP is dormant it’s better to wind up than fulfill the compliance.
To avoid fines and penalties for late filing, it is better to officially Wind Up LLP’s which are inactive.

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 strike off or it is processed by law. When the LLP fails to commence its business or fails to submit yearly returns, the registrar may suo motto strike off the LLP.

Lets see the process

Form fillup

Talk to Expert

Purchase plan

Upload documents

Task Completion

Winding up of Inactive LLP Registration

₹7,999.00

Winding up of Inactive LLP in just 10 Days

Why choose Company registration in INDIA ?

Shields from personal liability and protects from other risks and losses.
A registered company makes it genuine and increases the authenticity of your business.
Procures bank credits and good investment from reliable investors with ease.