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FAQs  Closing a LLP


How can I close the LLP?

You may wind up the affairs of the LLP voluntarily. The LLP may also opt for creditors voluntary winding up. The LLP can also be wound up under an Order of Court. The LLP may apply to strike its name off the register pursuant to Section 28 of the LLP Act.



Can an LLP be struck off within one month after incorporation?

Yes, the application can be submitted online.



What are the requirements required to strike off an LLP?

Please refer to ACRA homepage www.acra.gov.sg for the guidelines.



Compulsory winding up of LLP- will the partners be disqualified from being partners if there are 2 or more black marks against them?

Please refer to Sections 33 to 37 of the LLP Act for the details of disqualifications.



Can a LLP be closed in a similar manner as that of a private limited company such as being "struck-off" rather than be wound up (this will reduce business costs)

Yes. You may submit an online application to strike off the LLP.




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