Procedure to close partnership firm

823 votes

Dear Sir,

Thank you for your e-mail.

Close of partnership would depend upon the wording of your partnership agreement. Do share the copy of the agreement and we may assist you.

Thank you.

Best Regards,
Saurabh

Advocate Saurabh Kumar LawRato

683 votes

It would be very difficult to furnish the procedural details in the given circumstances wherein the questioner has provided us a very little information.
Still for your information, please take note of following -
Dissolution of Partnership Firm is done by two ways -
1. By way of mutual agreement and by way of other circumstances (insolvency, death etc) coming in between at the time of doing business which as per the law compulse you to close down your firm.
2. By way of Court wherein you move before court for your closure of business.

Advocate Pulkit Prakash LawRato

684 votes

Many ways of dissolving the partnership firm like dissolution by mutual agreement, compulsory dissolution, dissolution by notice of partnership at will, dissolution by the court and many other procidure for dissolution of partnership firm so I will be able to advise you when you give me proper details regarding your firm.

Advocate Nitin Kumar Jain LawRato

744 votes

For closing a partnership firm you need to draft a desolation deed, the said deed must be signed by all the partners of the firm. After drafting of desolation deed then firm pan number, service tax and other documents need to be surrendered.

Advocate Varun Singh Ahuja LawRato