It is not easy to start a Limited Liability Partnership and run it. However, it is even harder to move on and close the Limited Liability partnership.  However, there are certain circumstances that make it a necessity close such a business entity. The reasons to winding up Limited Liability Partnership can be either of the following:

LLP is looking for a way to dissolve as it is not able to pay its debts

The LLP has less than two partnership for more than 6 months

LLP has committed some act that can be considered criminal

The LLP has failed to file its financial statement for the past 5 years.

The NCLT has ordered the LLP to shut down.

Any of the above circumstances can make it so that Strike of LLP is the only way. However, there can be other reasons as well.

we provide thorough services during this difficult transition of Closing an LLP in India. 

Eligibility Criteria for Closing an LLP in India

There are two conditions under which you can close LLP in India, these are as follows:

Voluntary Closing: This is the instance when you can choose to Close LLP in India. In this instance, the LLP has to get an order from the tribunal first before closing the company.

Mandatory Closing:  This is an instance where winding up limited liability partnership becomes mandatory as per the wishes of the court.