Initiating the Dissolution of an LLP

Initiating the dissolution of a Limited Liability Partnership (LLP) business requires the formal submission of **LLP Form 24**. This is the final step in a legal protocol and lengthy process.

Prior to filing, it is necessary to engage a **professional corporate registrar agency** to assist with a range of crucial tasks, including:

• The cessation of business operations.
• Closing bank accounts and obtaining statements.
• Preparing essential documents and affidavits.
• Obtaining a **Chartered Accountant (CA) Certificate** and closing annual statement of accounts.

Exercising vigilant adherence to the necessary procedures is **crucial** to ensure a smooth and legally compliant termination of the LLP company. Seeking professional assistance is beneficial in navigating the intricate process of closing an LLP company, ensuring compliance with relevant laws and regulations.

The Closure Process at a Glance (Legal Protocol)

• The complete closure of the business operations.
• Bank account closure.
• Closing the annual statement of accounts at the date of the application.
• The owners must file a **Form-24 application** to the registrar along with a formal **affidavit**.