An inactive or dormant LLP can be wound up to avoid annual compliance formalities and penalty for non-compliance. Tradewell Advisory Services offers winding up of a limited liability partnership from Rs.15899/-
A LLP twisting up can be started intentionally or by a Tribunal. In the event that a LLP is to start twisting up intentionally, then the LLP must pass a determination to twist up the LLP with endorsement of no less than three-fourths of the aggregate number of Partners. On the off chance that the LLP has loan specialists, secured or unsecured, then the endorsement of the banks would likewise be required for ending up of the LLP.
To start the procedure for ending up of LLP, a determination for ending up of LLP must be passed and recorded with the Registrar inside 30 days of going of the determination. On the date of going of determination of ending up of LLP, the intentional twisting up might be considered to initiate. Tradewell Advisory Services can help you twist up your LLP rapidly and effortlessly.
A LLP is a legal entity and a juristic person requiring regular maintenance of compliance throughout its lifecycle. LLP winding up can be used close a LLP that is not active and avoid compliance responsibilities.
A LLP that doesn't file its compliance on time incurs fines and penalty, including debarment of the Partners from starting another LLP or Company.
The formalities for winding up of a dormant LLP are relatively simple and easy to complete. Hence, its best to close an inactive LLP at the earliest.