Business closure, strike-off and insolvency support
When a business stops operating or faces financial stress, choosing the right exit route protects owners and directors from future penalties. Our focus is on closing inactive companies and LLPs cleanly and on the accounting, documentation and claims work that insolvency matters require. Where the law requires a registered Insolvency Professional, we coordinate with one.
What this covers
- Strike-off of inactive companies through Form STK-2
- Closure of LLPs through Form 24
- Clean-up of pending ROC, tax and GST filings before closure
- Advice on exit options: strike-off, voluntary liquidation or other routes
- Preparation and documentation of creditors' claims in insolvency proceedings
- Financial information and accounting support to resolution professionals
How the work is done
- Review the entity's assets, liabilities and pending filings
- Recommend the appropriate exit route
- Clear pending compliance and prepare closure filings
- File and follow up until closure is complete
Documents usually needed
- Latest financial statements
- Statement of assets and liabilities
- Bank account closure certificates
- Board or partner resolutions
Frequently asked questions
How can an inactive company be closed?
If it has no assets or liabilities, it can apply to ROC for strike-off in Form STK-2, after completing pending filings.
Can an LLP be closed without liquidation?
Yes. An LLP that has not carried on business can apply for strike-off in Form 24.
Do you act as an Insolvency Professional?
No. Roles such as interim resolution professional, resolution professional or liquidator can only be taken by a registered Insolvency Professional. We provide advisory, accounting and claims support and work alongside registered professionals where needed.