Winding Up — LLP — Assessed. Settled. Dissolved.
Winding up an LLP through the route its position actually allows — voluntary winding up with a solvency declaration, or the tribunal route where it does not, through to dissolution.
Book Free ConsultationWinding up and striking off are not the same thing, and choosing between them is the first decision. An LLP with liabilities it cannot pay, disputes among partners or creditors who have not consented cannot simply be struck off the register.
At N D Savla & Associates, we assess which route the LLP's position actually permits, prepare the declarations and consents that route requires, and take the matter through to dissolution.
Partners often want the fastest exit available. The right question is which exit survives scrutiny afterwards, because a closure done on the wrong footing can be reopened, and the partners rather than the LLP carry the consequence.
Our Winding Up Services
Route Assessment
Determination of whether voluntary winding up, tribunal winding up or striking off fits the position.
Solvency Declaration
The declaration by designated partners on the LLP's ability to pay its debts in full.
Partner Resolution
The resolution of the partners approving winding up in the manner the agreement requires.
Creditor Consent
Obtaining and documenting the consent of creditors where the route requires it.
Asset & Liability Statement
A statement of the LLP's assets and liabilities as at the commencement of winding up.
Liquidator Support
Support to the liquidator on records, realisation and distribution.
Statutory Filings
The filings that accompany commencement, progress and conclusion of winding up.
Dissolution
Follow-through to the order or entry that dissolves the LLP.
Our Winding Up Process
Position Assessed
Assets, liabilities, disputes and filings are assessed before a route is chosen.
Route Chosen
Voluntary or tribunal winding up is settled, or striking off is recommended instead.
Declarations & Consents
Solvency declaration, partner resolution and creditor consents are obtained.
Realisation & Settlement
Assets are realised, liabilities settled and the surplus distributed.
Dissolved
The concluding filings are made and the LLP is dissolved.
Why It Matters
Frequently Asked Questions
Deciding how to close an LLP?
Send us the LLP's position — we'll tell you which route is actually open and what it involves.
