There are two ways to close a LLP. A LLP may apply to ACRA to strike its name off ACRA's register. ACRA may approve the application if there is reasonable cause to believe that the LLP is not carrying on business and the LLP is able to satisfy the criteria for striking off. The other way is to wind up the LLP. There are a few types of winding up.
- Members’ Voluntary Winding up
- Creditors’ Voluntary Winding up
- Compulsory Winding up