KNAP Advisory

Close an LLP

An LLP you no longer use still piles up filing duties and penalties. KNAP Advisory strikes it off cleanly through Form 24 so the obligations stop for good.

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Overview

Closing your LLP

An LLP that has stopped operating — or never started — does not simply disappear. As long as it stays on the register, annual filing obligations continue and penalties accrue, exposing the partners. Formal closure is the clean way out.

An LLP with no liabilities that has ceased business can apply to strike off its name by filing Form 24, supported by a statement of accounts, affidavits, indemnity and the consent of all partners. KNAP Advisory checks eligibility, clears pending filings and files the application end to end.

Benefits

Why close formally

Stop Penalties

End recurring filing fees and late penalties.

Protect Partners

Avoid liabilities arising from continued default.

Clean Exit

A clear, lawful end to the LLP’s existence.

Save Cost

No more compliance spend on an idle LLP.

Peace of Mind

Close the chapter without lingering duties.

Done Right

A complete Form 24 application to avoid rejection.

Requirements

What you’ll need

Documents

  • Statement of accounts showing nil assets and liabilities
  • Affidavits and indemnity bonds from partners
  • Consent of all partners to closure
  • Bank account closure proof

Eligibility

  • LLP has ceased business or never started
  • No outstanding liabilities
  • Statutory filings up to date
  • Bank accounts closed
Process

How KNAP handles it

1

Assess & Clear

We review eligibility and clear pending filings.

2

Prepare Documents

We draft accounts, affidavits and consents.

3

File Form 24

We file the strike-off application with the Registrar.

4

Closure Confirmed

We follow up until the name is struck off.

Why KNAP Advisory

A clean, complete closure

Eligibility First

We get the LLP ready before filing.

Defect-Free Filing

Complete Form 24 to avoid rejection.

End-to-End

From clean-up to final strike off.

FAQs

Frequently asked questions

How do I close an LLP? +

A non-operating LLP with no liabilities can apply to strike off its name by filing Form 24, along with accounts, affidavits and partner consents.

What is Form 24? +

It is the application to strike off the LLP’s name from the register, supported by accounts, affidavits and consent of partners.

What conditions apply? +

The LLP should have ceased business or never started, have no liabilities, and have up-to-date filings.

What documents are needed? +

A statement of accounts, affidavits and indemnity from partners, and their consent to closure.

Better than leaving it inactive? +

Usually yes. An inactive LLP still attracts annual filing obligations and penalties, so formal closure saves cost and risk.

Get Started

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Close your LLP cleanly

Talk to KNAP Advisory and get started today.