Process for Closing LLP by Filling an Application With ROC

Once you have applied with RoC and been approved, you can now get on with the business of closing your LLP. This process is known as ‘filling an application’. You can do this by visiting one of our offices or filling out an online form.

In simple terms, you apply to RoC to close your company. RoC then sends you a ‘closure package’ which includes information about the company, the required documents to be submitted with the application, and instructions on how to close the company. You can then go through the closing formalities process at your chosen law firm. Read more to get the Process for Closing LLP company in India.

How to Close an LLP

In some circumstances, you may want to get the process for closing LLP instead of a corporation. This is known as ‘closing an LLP’. To close a Limited Liability Partnership with Roc, you will need to-

• Filing a company application with RoC
• Providing a completed and signed ‘closing form’
• Getting your business registered with RoC
• Paying any outstanding fees
• Ending the company

The Best Way to Close an LLP

Ideally, you would be able to close your company without going through the closing process with a ‘soft close’ process. This is because you would prefer to pay the fees and have your business shut down by a certain date so that you can end your involvement with it. However, if you do have to go through the closing process, here are some tips that could help you close a company with RoC more efficiently

• Be as upfront as possible with RoC about what you want to do. Be honest and straightforward and do not try to cover up any mistakes you may have made
• If possible, try to complete the closing with your own attorney. An attorney has the knowledge and experience to help you complete the closing and will be able to review your documents and provide you with legal advice
• If you are unable to complete the closing with your attorney, you can always hire a legal services provider or attend a closing with a professional
• If you are using a legal services provider, make sure to get a written guarantee that the services provided are accurate and up-to-date. Make sure to check the status of your company on the law firm’s website so you know where you are up-to-date
• When you are done with the closing, send your paperwork to the law firm so they can start the official ‘filing’ process
• Make sure to keep your paperwork safe and secure. You may need to provide a copy of your paperwork to RoC in the future in case they need to start an official investigation
• Once the closing is complete, send your company documents to the law firm so they can officially ‘file’ the closing.

When Can You Close Your LLP?

Typically, there are two times when you should close llp company:

• When you are no longer able to continue as the primary business owner. In this case, you will need to hire a ‘secondary’ owner to assume 100% of your duties
• When you want to wind down your business. This can mean several different things. For example, you want to sell your interest to raise cash, you want to retire, or you want to close your business due to non-payment of taxes or other liabilities.

 How Much Time Will It Take

The closing time will depend on a number of things such as:

• The complexity of your business
• The number of shareholders you have
• The state of your business
• The law firms involved
• The date you want to close
• The actual date of closing

Is There a Phone App for Closing an LLP?

There are hundreds of law firms in the US, and many of them lack a proper telephone number. The best way to close an LLP without dialing a number is online. You can use a website like Zoom that allows you to video-conference with an attorney or use the telephone app on your computer. With so many options, it can be hard to choose the right one for you.

Closing the Company With Roc

When you have your paperwork in order and are ready to close your company, visit one of our offices or fill out an online form. There are many online closing forms but you will need to fill out an online form when you are closing your company with Roc: https://www.mca.gov.in/content/mca/global/en/contact-us/roc.html.

The online forms are available 24/7 and take only a few minutes to complete. Once you have applied with RoC and been approved, you can now get on with the business of closing your LLP. This process is known as ‘filling an application’. You can do this by visiting one of our offices or filling out an online form. The online forms are available 24/7 and take only a few minutes to complete. If you have any questions, feel free to contact us using the information below.

All this can be extremely complicated and time-consuming. Reach out to the experts at Vakilsearch to have this handled easily and efficiently.

Also Read:

• Remuneration to LLP Partners
• How Much Does It Cost to Register a LLP in India?