Close a Limited Liability explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
This guide explains how to close a Limited Liability Partnership (LLP) in India.
How to close a LLP
A Limited Liability Partnership (LLP) is closed by filing Form 24 for strike off (if not carrying on business) or by winding up.
Before you close
- Clear all pending returns, dues and liabilities
- Settle creditors and close bank accounts
- Obtain the required member/board approvals
- File the prescribed closure forms with the authority
LLP — quick facts
| Entity | Limited Liability Partnership (LLP) |
| Liability | Limited |
| Registration cost | ₹4,000 – ₹12,000 |
| Taxation | Taxed at a flat 30% (plus surcharge and cess); no dividend distribution tax, and partners' remuneration/interest is deductible within limits |
Choosing the right business structure
Your entity choice affects liability, tax, fundraising and compliance. Proprietorships and partnerships are simplest but carry unlimited liability; LLPs and companies offer limited liability, while a private limited company is best for raising equity. Trusts, societies and Section 8 companies suit non-profits. Pick the structure that matches your goals for growth, funding and risk.
More on LLP
- LLP — Registration: Process & Cost
- LLP — Cost of Registration
- LLP — Documents Required
- LLP — Annual Compliance
- LLP — Compliance Checklist
- LLP — Advantages & Disadvantages
Set up or manage your LLP with TaxClue
Our CA/CS team handles registration, compliance, taxation and conversions for every entity type — fully online.
Talk to an expert →