Tag Archives: #LLPDeactivation

When LLP can be closed?

Closing of on LLP

When LLP can be closed   An LLP has the potential to undergo closure or dissolution in specific situations.  1. Voluntary Dissolution: The LLP can voluntarily dissolve when the partners unanimously decide to wind up its affairs and close the LLP. This decision is typically documented through a resolution passed by the partners, indicating their… Read More »

How LLP can be dissolved ?

LLP can be dissolved

LLP can be dissolved   The process for dissolving a Limited Liability Partnership (LLP) typically involves the following steps:  1. Partnership Agreement: Review the partnership agreement to understand the provisions related to dissolution. The agreement may outline the process and conditions for dissolution, including partner consent, notice periods, and the distribution of assets and liabilities.… Read More »