LLP Strike Off

LLP Strike Off refers to the legal process of voluntarily closing and removing a Limited Liability Partnership from the records maintained by the Registrar of Companies through filing of Form 24 under the applicable provisions of the Limited Liability Partnership Act and related rules. Once the strike off process is completed, the LLP is considered dissolved and ceases to exist as a legal entity. This process is commonly adopted by LLPs that are inactive, not carrying on business operations, or no longer required by the partners. The LLP must ensure that it has ceased business operations, closed bank accounts, and settled all liabilities before applying for closure.