Closure of Inactive LLP

Closing an inactive Limited Liability Partnership (LLP) involves formally winding up its business operations and dissolving the entity. This process is typically undertaken when an LLP is no longer operational or when partners decide to cease business activities for various reasons.

Following the correct procedure for closing an inactive LLP is crucial to ensure the dissolution is legally valid and officially recognized. This also ensures all stakeholders are informed of the change. The closure process can take several months and requires the full cooperation of all partners.