The Limited Liability Partnership (LLP), which is not carrying on its business since its incorporation or which has terminated/stopped carrying on its business for one year or more, can apply to the Registrar for its closure and also for the removal of its name from the Register of the LLPs. If the LLP has turned dormant, it is better to close it than to fulfill all the compliances, and it is also better to close than pay a fine or penalty in case the LLP is inactive.
The following reasons for the closing of the Limited Liability Partnership:
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