Closure of Partnership Firm

A partnership firm may be dissolved by various modes:

1. By consent
2. By agreement
3. Compulsory dissolution or dissolution by operation of law
4. Contingent Dissolution or automatic dissolution.
5. Dissolution by notice or optional Dissolution.
6. Dissolution by court or Judicial Dissolution

Steps for closing as follows as applicable to firm

 

1. Intimation to Registrar of the firm

2. Cancellation of GST Registration

3. Cancellation of Shop and Establishment registration

4. Surrender of Trade License

5. Surrender of PAN and TAN Number

6. Surrender of Other licenses

 

7. Closure of business's current bank account

 

8. Termination of all other Agreements

 

9. Surrender of Trademark

 

Etc…