The Classic Partners LLP
Winding Up of an LLP
Compliant closure of a Limited Liability Partnership — whether by striking off the name in Form 24 or through voluntary winding up. We help inactive or unwanted LLPs close cleanly so partners stop accumulating compliance liabilities.
Close Your LLPWhat is Winding Up of an LLP?
Winding up of an LLP is the process of formally closing it so that it ceases to exist and its partners are no longer liable for ongoing compliance. An LLP that is not carrying on business, or that the partners no longer wish to continue, can be closed either by applying to strike off its name in Form 24 or through the voluntary winding-up process.
Closing an inactive LLP is important because annual filings such as Form 11 and Form 8 continue to apply until the LLP is closed, and unfiled returns keep attracting additional fees. We assess the right route and handle the closure end to end.
Who Should Wind Up an LLP?
- LLPs that have stopped carrying on business.
- LLPs that never commenced operations after incorporation.
- Partners who no longer wish to continue the LLP.
- LLPs accumulating penalties on unfiled annual returns.
- LLPs being consolidated or restructured.
Our LLP Winding Up Services
Closure Route Assessment
Advising whether strike-off in Form 24 or winding up suits your LLP.
Strike-Off (Form 24)
Preparation and filing of the application to strike off the LLP's name.
Pending Compliance Clearance
Completing pending filings required before closure.
Partner Consents and Affidavits
Drafting the consents, affidavits, and declarations needed.
Account Closure Support
Guidance on closing bank accounts and settling liabilities.
End-to-End Coordination
Managing the closure process with the MCA from start to finish.
Steps to Wind Up an LLP
- Assess eligibility and choose the closure route.
- Complete any pending annual filings and clear liabilities.
- Close the LLP's bank accounts and obtain a statement.
- Prepare partner consents, affidavits, and declarations.
- File the strike-off application in Form 24 with the MCA.
- Follow up until the LLP's name is struck off the register.
Why Choose The Classic Partners
- Clear advice on the right closure route for your LLP.
- Pending LLP compliance cleared before closure so the application is accepted.
- Careful documentation of consents, affidavits, and declarations.
- Transparent fees and a dedicated point of contact, delivered by professionals in Mumbai serving clients across India.
Related Services
- LLP Compliance Overview — A complete view of annual and event-based LLP compliance.
- LLP Form 11 Filing — File the LLP annual return in Form 11 before 30 May.
- Statement of Account and Solvency — Form 8 financial statement and solvency declaration.
Frequently Asked Questions
How can an LLP be closed?
An LLP can be closed either by applying to strike off its name in Form 24 when it is not carrying on business, or through the voluntary winding-up process under the LLP Act.
Can an inactive LLP be struck off?
Yes. An LLP that is not carrying on any business or operation can apply to strike off its name, subject to clearing pending filings and meeting the prescribed conditions.
Do we need to clear pending filings before closing an LLP?
Generally yes. Pending annual filings and liabilities usually need to be addressed before a strike-off application in Form 24 is accepted.
What is Form 24?
Form 24 is the application filed with the Registrar to strike off the name of an LLP that is no longer carrying on business, leading to its closure.
Does an LLP keep accruing penalties until it is closed?
Yes. Annual filing obligations continue until the LLP is formally closed, so unfiled returns keep attracting additional fees in the meantime.
Can you handle LLP closure across India?
Yes. We manage LLP closure and strike-off for clients in multiple states and coordinate the documentation remotely.
Need to close your LLP?
Get expert help closing your LLP cleanly and compliantly.
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