Two Paths to Closing a Limited Liability Partnership
When an LLP has stopped operating, partners have two distinct routes available: a quick administrative LLP Closure via strike off (Form 24), or a more formal winding up process supervised by the Registrar or the National Company Law Tribunal. Choosing the wrong route can add unnecessary cost and delay.
Strike Off vs. Winding Up
The right choice depends entirely on the LLP's financial position:
Strike Off (Form 24): Suitable for LLPs with no assets or liabilities, no ongoing business, and no pending disputes - a fast, low-cost exit.
Formal Winding Up: Required when the LLP has outstanding debts, unresolved litigation, or assets and liabilities that need to be formally liquidated and distributed.
At Technocrat Oasis, we assess your LLP's actual financial position first, then guide you toward the fastest legally valid closure route, handling all Form 24 filings and RoC correspondence on your behalf.
