Procedure for closure of LLP | LLP closure procedure

02/04/2021 Financial & Legal Services

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LLP is an incorporation where all the partners have limited liabilities and it is flexible in nature. The central government has defined regulations to register as well as procedures for the closure of LLP, which is done in two ways. The first ways are to declaring LLP as defunct and another way is winding up the LLP voluntarily or totally, which can be done if the operations of an LLP have been shut for a year.

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