What is the process and costs to close an LLP?

What is the process and costs to close an LLP?

As we know an LLP is a creation of law, which can be closed by procedures established by statute only. The reasons for closure of LLP could be many.

Here are the steps to close LLP

STEPS

01- CLOSURE OF BANK ACCOUNT

02- PREPARE A STATEMENT OF ACCOUNTS

03- PARTNERS MEETING AND CONSENT

04- DRAFTING OF AFFIDAVIT & INDEMNITY BOND

05- DIGITAL SIGNATURE OF AT LEAST ONE DESIGNATED PARTNER

06- APPLICATION FILING FOR CLOSURE OF LLP


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