I started LLP operations in India 3 years ago, but unfortunately, the business didn't take off. The worst is that we didn't dissolve the LLP and didn't file returns for 3 years. What is the best way to close it at a minimal cost?

I started LLP operations in India 3 years ago, but unfortunately, the business didn't take off. The worst is that we didn't dissolve the LLP and didn't file returns for 3 years. What is the best way to close it at a minimal cost?

To be honest there would be heavy additional fees and the most cost effective way to close the LLP would be to to dissolve the LLP after filing the returns of three years without wasting much time, the later you do the filings, the more you get penalised.

PM me if you want fairly exact figures about what it will cost you.


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