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LLP cancellation

Ravi (Ca articleship) (335 Points)

27 August 2018

hi friends I started my school business this year, I registered my LLP on Dec 2017, now I want to cancel my LLP because I sold my school to others
what can I do now.

thank you.

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4 Replies

(Guest)

Any LLP can close down its business by adopting any of the following two ways:A) Declaring the LLP as Defunct B) Winding up of LLP

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Vatsla Alagh (1545 Points)
Replied 27 August 2018

LLP can be declared as defunct if u r not carrying on any business for a period of 1 year or more. This is the easiest way out of all.. Other ways are voluntary or compulsory winding up.

As per my suggestion, u should declare LLP as defunct in case u r not carrying any bsnss and close it down as early as possible.Otherwise ROC may issue notice to you, and then it will become quite cumbersome for you to deal with such a case

Ravi (Ca articleship) (335 Points)
Replied 27 August 2018

any chartered accountant required to file cancellation of LLP

Vatsla Alagh (1545 Points)
Replied 27 August 2018

u need to attach one statement of accounts which will be signed by a CA only.. Apart from that, certain documents are also required to be attached for filing of form for closure of LLP