Tag Archives: #LLPTerminationGuidelines

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 intention… Read More »

Winding Up of LLP: What is the procedure to wind up an LLP?

Winding Up of LLP

Winding Up of LLP Winding up of Limited Liability Partnership involves the process of closing down the business and settling its affairs. Here are the steps involved in winding up an LLP in India: 1.Firstly, Pass a resolution: The designated partners of the LLP must pass a resolution to wind up the business. This resolution… Read More »