Winding Up — LLP
Winding up is the formal process of closing an LLP — settling its liabilities, realising its assets and dissolving it in the eyes of the Registrar of Companies.
Winding up an LLP is the process of formally closing it down by settling its debts, distributing remaining assets among partners, and filing the required documents with the Registrar of Companies to have it dissolved. It's typically pursued through voluntary winding up when the partners decide to close the LLP, as distinct from a simpler striking-off route used for LLPs with no assets or liabilities.
What our winding up service includes
Guiding an LLP through closure from partner resolution to final dissolution.
- Assessing whether winding up or striking off is the right route
- Partner resolution approving voluntary winding up
- Settlement of outstanding liabilities and creditors
- Preparation of statement of assets and liabilities
- Filing required forms with the Registrar of Companies
- Coordinating closure of PAN, GST and bank accounts
Winding up vs. striking off
The right closure route depends on the LLP's financial position.
Voluntary Winding Up
Used when the LLP has assets or liabilities to settle before it can be closed, with creditors paid off in the process.
Striking Off
A quicker route for LLPs with no assets, no liabilities and no business activity — see our Striking Off page for details.
Liability Settlement
Outstanding debts and obligations must be settled or provided for before the LLP can be dissolved.
Our process
From initial consultation to completion.
Assess the Right Route
Determine whether winding up or striking off fits the LLP's asset and liability position.
Partner Resolution
Obtain partner approval for voluntary winding up and appoint someone to oversee the process.
Settle Liabilities
Pay off or make provision for outstanding creditors and obligations of the LLP.
File for Dissolution
Submit the required statements and forms to the Registrar of Companies to complete the closure.
Why LLP closures get delayed
What sets our approach apart.
Liabilities aren't fully settled
A winding up filing can stall if outstanding creditors or dues haven't been cleared first.
Compliance filings are still pending
Outstanding Form 11 or Form 8 filings from earlier years often need to be cleared before closure can proceed.
Wrong route chosen
Attempting to strike off an LLP that still has liabilities, instead of winding it up properly, leads to rejection.
Winding Up — LLP questions answered
What people ask before engaging us.
Considering closing your LLP?
We'll help you assess the right route and manage the process.
