Are you a business owner looking to close your dormant or inactive Limited Liability Partnership (LLP)? Understanding the
LLP strike off procedure in India can save you from future compliance hassles and penalties.
The Ministry of Corporate Affairs (MCA) offers a hassle-free route to officially close your LLP through Form 24. Before initiating the strike off, ensure that the LLP has ceased all operations for at least one year, and has no outstanding liabilities or legal obligations. You'll need to submit documents like the LLP’s latest financial statements, a statement of accounts, an affidavit from partners, and a no-objection certificate from creditors (if applicable).
Timely striking off of an LLP can help protect the partners from unnecessary legal issues and compliance costs in the future. Moreover, it reflects professional management and responsible exit practices.
Whether you’re pivoting to a new venture or simply winding down, don’t leave your LLP inactive without officially closing it. Use the MCA portal and seek expert advice to simplify the LLP strike off procedure and ensure smooth legal compliance.
🔖 Bookmark this if you're considering winding up your LLP. For a hassle-free strike-off, proper documentation and professional guidance are key!
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