Winding up LLP

Need of Winding of LLP Services?

Winding of LLP Services Starting at Just Rs.5,499/- (Inclusive of all Govt. Fees).

Winding up LLP

Winding up is the process of selling all the assets of a business, paying off creditors, distributing any remaining assets to the partners or shareholders and then dissolving the business.

Reason to Close the LLP (Limited Liability Partnership) in India

Some Startups just started with the idea but after the testing their ideas there is no profitability so they want to close the LLP.

There is no business activity from the long time.

Partners are not willing to continue the business or partnership.

If the LLP is Registered for any specified project and its has been completed.

LLP has become bankrupt.

Only one partner are remain after the death of the partner and want to close the business.

Success means having the courage, the determination, and the will to become the person you believe you were meant to be.

Any LLP can close down its business by adopting two ways
1. Declaring the LLP as Defunct
In case the LLP wants to close down its business or where it is not carrying on any business operations for the period of one year or more, it can make an application to the Registrar for declaring the LLP as defunct and removing the name of the LLP from its register of LLP’s.

2. Winding up of LLP
Section 63, 64 and 65 of LLP Act 2008 governs the process for winding up of the LLP. It is the process where all the assets of the business are disposed off to meet the liabilities of the same and surplus any, is distributed among the owners.
The LLP Act 2008 provides for following two modes for winding up the LLP i.e.:
1. Voluntary winding up:
Under this, the partners may between themselves decide to stop and wound up the operations of the LLP.
2. Compulsory winding up: following are some reasons for compulsory winding up

  • if the limited liability partnership decides that limited liability partnership be wound up by the Tribunal;
  • if, for a period of more than six months, the number of partners of the limited liability partnership is reduced below two;
  • if the limited liability partnership is unable to pay its debts;
  • if the limited liability partnership has acted against the interests of the sovereignty and integrity of India, the security of the State or public order;
  • if the limited liability partnership has made a default in filing with the Registrar the Statement of Account and Solvency or annual return for any five consecutive financial years; or
  • if the Tribunal is of the opinion that it is just and equitable that the limited liability partnership be wound up.

  • 7 Major Steps to Close a LLP in India

    • Step 1 – Pass a Resolution
      Once you decide the Close a LLP in India then you have to pass a resolution by the at least 3/4th of the Partners.
    • Step 2 – Form 1 Filings
      After the passing a resolution you have to file form 1 with the resolution copy within the 30 days
    • Step 3 – Declaration of the Debt
      In the third step llp have to make a declaration that llp have no debt liability or if have any then it will be have sufficient amount so they can paid within the 1 year from the commencement of the winding up. Its has prepared by the majority of the partners (minimum 2).
    • Step 4 – Form 4 & Value of the Assets
      In the fourth step the above forms and affidavit has been submitted to the register within 15 days of the resolution along with the forms and a statement saying that such winding up is not being done to defraud anyone, form no .4 and a report of the value of the assets of the LLP
    • Step 5 – Obtain consent from the Creditors
      In the fifth step if you have the creditors in your llp then you have to obtain the consent from the creditors and it’s given by at least ⅔ of the unpaid creditors.
    • Step 6 – Filings and Appointment of Liquidator
      File the consent from the creditors with the appropriate timelines. You have to provide advertisement also in the local newspaper within 14 days from the receiving creditors consent.In case the LLP has liability increasing and assets the appointment of liquidator is required and a liquidator’s statement in form 6 needs to be filed.
    • Step 7 :- Finalization of the Accounts of LLP.
      You have to prepare the finalisation of the accounts and submit along with the form 9. So once form 9 has been filed, all the formalities has been completed.


    Doing Business Is Easy & Fast.


    Our Consultants maintain transparency while guiding you. No hidden charges, no fake promises. The Entire process is transparent

    Lightning Fast Procedure

    Not meeting the deadline is one of the biggest turn-offs for any business owner. We are very serious about delivering on time.

    Guaranteed Satisfaction

    Your satisfaction is our goal, we provide a 100% satisfaction guarantee for the work with you to ensure you quality of work.


    Our team has thorough expertise in respective service areas.

    Fair Business Practices

    We ensure highest importance to ethical business practices.

    No Hidden Fee

    We have a fair and transparent pricing structure. We do not have hidden fees associated with any of our services.

    One Stop Solution

    Businessgig provides all the services required for launching a successful startup. We provide legal, financial, design and branding services.

    Free Expert Consultation

    Businessgig provides you free Consultation about Business Incorporation, Taxation, Finance, Graphics and Digital needs. etc

    Backed by Experience

    Businessgig is an initiative of Expert Engineers and Professional Charterered Accountants having an experience of over 7 years.

    Real Time Assistance

    You can reach us anytime and anywhere in the go. You can Text, Whatsapp, Email, Call or Skype us for your requirements.

    Leading Brand

    We are one of the leading brands in Accounting, Statutory Compliances ,Designing and Marketing.

    Long Term Hand holding

    We have capability to advise and serve you, even you when you grow big and expand

    You simply won’t find another vendor that can match our value proposition. Our customers often tell us the same thing. We make every effort to provide our customers with great products and services, and we work just as hard to make sure they are getting the right business model that fits their needs. We promise the same to you.


    When we face a tough decision we never compromise our values and principles. We do what is right, not what is the easiest.


    We are passionate and committed in heart and mind to what we do. Our employees work around the clock coming up with ideas.


    We believe that flexibility leads to excellence and we tailor all our services to the specific needs of each client.


    We strive for excellence in all that we do. We set high personal and company standards, and then consistently try to exceed them. We attract self-motivated, highly capable, results-oriented people and invest heavily in their development.

    Openness & Honesty

    We believe that open communication builds trust, which is the foundation of any relationship whether it’s with our employees or our clients.


    Our power comes from the talented people within our company. We create an environment in which every person is a valued and respected member, encouraged to contribute and share, and recognized and rewarded for their efforts.

    Extra Ordinary Customer Support

    We place highest importance to providing extra ordinary customer Support.

    When it comes to the numbers, you might get a million query in your head. Do not worry! Our dedicated support team loves to assist you with anything. Just give us a buzz and we would happy to answer all of your queries..

    We know how expensive finance experts and designers can be. Businessgig provides best of the both at an unimaginably low price. We harness the power of technology and have pushed a lot of our work to digitization. This saves us a lot of time and we happily pass on the benefit to our customers.

    A Pricing structure designed for your every need. Our business package will free you from charges for every service. We provide best in class services at reasonable charges through latest technology, experience and expertise. .

    We understand how important your business information is. We have systems in place to ensure confidentiality of your data. We do not even reveal your name unless you want us to. To know more, please check our NDA and Privacy policy.We take Client confidentiality seriously. We never disclose client information or use our Client’s brand name for our marketing without your prior permission.

    About Us

    Alone we can do so little, together we can make wonders. So lets team up and grow together. You would have heard the phrase ‘Making mountains out of molehills’; but here we do what we do best-making molehills out of mountains.

    We enjoy the reputation of being synonymous with professionalism, efficiency, and excellent service. We provide full spectrum of financial, accounting, designing, marketing services as well as investment consultancy, project evaluation and services related to all types of business and corporate agreements. We specialize in providing end to end support to startups – be they proprietorship’s, partnership’s, LLP’s, or Private Limited Enterprises. Our knowledge of the Indian ecosystem makes us perfectly placed to provide end-to-end assistance with company formation in India as well as company registration in India.

    I have used multiple offline & online CAs/ Lawyers. Businessgig clearly provides the best and fastest service.

    Andrew Jackson

    Project Manager


    Client Retention


    Satisfied Clients


    Cities we operate


    Services under one Roof


    Enter your email address to subscribe and receive notifications by email.

    We hereby promise to be responsible emailers.

    Want to work with us?

    We would love to get connected with you

    Get in Touch or Get a Free Quote