Winding Up of an LLP
Where an LLP can't simply be struck off via Form 24 — due to assets, liabilities or disputes — a formal winding up applies. We assess the route and coordinate the process with qualified professionals.
Starts at
Custom
+ GST | MCA/government fees, additional fees, late fees and penalties vary by entity type, paid-up capital, turnover and due-date status
Timeline
A formal process over months
Documents
Accounts, liabilities & approvals
Formal LLP closure
For assets/liabilities/disputes
Liquidator involved
Professionally coordinated
Pricing
Winding up an LLP
A formal alternative to Form 24 strike off, for LLPs that can't be struck off cleanly. Scoped after review.
LLP Winding Up
Assess + coordinate
Quoted on review
- Route assessment
- Documentation & consent
- Liquidator coordination
- Process management
Prices are professional fees and indicative. Government fees, stamp duty, DSC, PAN/TAN, state charges and third-party costs are extra and may change. A final engagement summary separates each component before payment.
Overview
What is Winding Up of an LLP?
Winding up an LLP is the formal closure route for an LLP that can't be struck off via Form 24 — typically because it has assets to distribute, liabilities to settle, or disputes among partners or with creditors.
It can be voluntary or by the Tribunal, with the LLP's assets realised, creditors paid and the LLP dissolved. It's more involved than a Form 24 strike off and needs qualified professional handling.
We assess the right route and coordinate the process.
Is it for you?
Who needs it — and who doesn't
Recommended if
- LLPs with assets/liabilities that can't be struck off
- LLPs with partner or creditor disputes
- LLPs requiring a formal, supervised closure
May not be needed if
- Clean, inactive LLPs with no liabilities (use Form 24 closure)
- Active LLPs
Benefits
Why it's worth doing right
A lawful, final closure
Formal winding up settles the LLP's affairs and dissolves it properly.
Professionally coordinated
We assess the route and coordinate the professionals involved.
Eligibility
Eligibility & key conditions
- An LLP that can't be struck off (assets/liabilities/disputes)
- Partner and creditor cooperation as required
Documents
Documents required
What we need
- Accounts and statement of affairs
- Assets and liabilities
- Partner and creditor details
- Approvals/consents
Process
A clear path from start to filed
Costs
Fees & cost breakdown
| Cost component | Indicative amount |
|---|---|
| Professional feeBy route and complexity | Custom |
| Liquidator/legal costsAs required | Separate |
| Government/Tribunal feesStatutory | As applicable |
Deliverables
What you receive on completion
After this filing
What you need to stay compliant next
Final dissolution
On completion, the LLP is dissolved and removed from the register.
Avoid delays
Common mistakes & reasons for rejection
Common mistakes
- Attempting Form 24 where winding up is required
- Underestimating time and cost
- Not settling creditors properly
- Proceeding without professional handling
AI-powered assistance
AI does the heavy lifting. Experts make the call.
AI assists with checks, drafting and explanations only. A qualified professional reviews every defined checkpoint and the final filing before submission. AI does not make consequential compliance decisions on its own.
Close a complex LLP, correctly
Where Form 24 isn't an option, we assess the winding-up route and coordinate the process with qualified professionals.
Compare
Winding Up of an LLP vs LLP Closure (Form 24)
| Factor | Winding Up of an LLP | LLP Closure (Form 24) |
|---|---|---|
| For | Assets/liabilities/disputes | Clean, inactive LLPs |
| Process | Formal, liquidator-led | Form 24 strike off |
| Cost & time | Higher, longer | Lower, a few months |
Why MyFinancialAdvisory
A more accountable way to stay compliant
Quality & accountability
Reviewed by compliance experts
Every winding up of an llp engagement is prepared with structured checks and signed off by qualified professionals before anything is filed — speed without sacrificing accuracy.
Reviewed by
Reviewed by MyFinancialAdvisory Compliance Team
Company law & ROC review
Our ROC and MCA work is prepared with AI-assisted checks and reviewed by qualified professionals experienced in company law and MCA filings before any form is filed.
Structured document checks
Documents and eligibility follow structured checks before expert review.
Expert-reviewed before filing
A qualified professional signs off every defined checkpoint.
Compliance-safe guidance
Advice mapped to current rules — no shortcuts, no guesswork.
Keep exploring
Hub
MCA / ROC compliance
Annual filings, changes and closures for companies and LLPs, tracked end to end.
Service
LLP Closure
Strike off an inactive LLP via Form 24.
Service
LLP Compliance
Form 8, Form 11 and the LLP's annual compliance.
Service
Winding Up Company
Formal winding up where strike off isn't an option.
Service
Company Closure
Close a company cleanly via strike off (STK-2).
FAQs
Winding Up of an LLP — frequently asked questions
What is winding up an LLP?
The formal closure of an LLP that can't be struck off via Form 24 — because of assets, liabilities or disputes — where the LLP's affairs are settled and it's dissolved.
How is it different from Form 24 closure?
Form 24 is the simple strike-off route for clean, inactive LLPs with no liabilities. Winding up is a formal, liquidator-led process for LLPs with assets, liabilities or disputes.
What are the winding-up routes for an LLP?
Voluntary winding up or winding up by the Tribunal, depending on the circumstances, with a liquidator appointed.
How long does it take?
A formal process that typically runs over many months, depending on the route and the LLP's affairs.
When is winding up required instead of Form 24?
When the LLP has significant assets, outstanding liabilities or disputes that a strike off can't address.
Do I need a liquidator?
Yes, a winding up involves a liquidator who settles the LLP's affairs. We coordinate the professionals.
What does it cost?
More than a Form 24 closure — our coordination fee plus liquidator/legal and statutory costs, scoped to the situation.
What do I receive?
A route assessment, documentation and coordination through to the LLP's dissolution.
Ready to get winding up of an llp done?
Start with a quick conversation. We’ll confirm scope, documents, fees and the next deadline.