Dissolution

of Partnership Firm

No business started since incorporation? Dissolve your Partnership Firm and stop complying with routine compliances. Prices start at INR 1999/- only.

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Dissolution of Firms

All you need to know

The Partnership is a venture between two or more partners. In case there are only two partners, upon the death of one of the partners, Partnership Firm gets dissolved. Similarly, upon resignation, lunacy, insolvency of one of the partners, partnership firm has the same consequences. There could be several other reasons.

As compared to an LLP, it is easy to dissolve or close a partnership firm. A partnership firm can be dissolved by executing a dissolution deed.

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ESSENTIAL

₹ 1999/-

  • Drafting of Dissolution Deed
  • Execution of Dissolution Deed
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ENHANCED

₹ 2999/-

  • Drafting of Dissolution Deed
  • Execution of Dissolution Deed
  • PAN cancellation application
  • TAN cancellation application
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ULTIMATE

₹ 7999/-

  • Drafting of Dissolution Deed
  • Execution of Dissolution Deed
  • PAN cancellation application
  • TAN cancellation application
  • Accounting and Book Keeping (up to 20 transactions)
  • Income Tax filing of entity for NIL turnover
  • GST Cancellation Application
  • Filing of GSTR-10 (Final Return)
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Dissolution of Firms-Process Flow

5 Easy Steps

1

Complete a Checklist

2

Submit Partnership Deed

3

Verification of Documents

4

Executing Dissolution Deed

5

Your Firm is Dissolved
FAQs

FAQs

Get answers to all your queries

It is the legal closure of a partnership business. When a firm is dissolved, the partnership agreement ends, the firm stops its operations, and its name is removed from official records.

In retirement, only one partner leaves while the firm continues with others. In dissolution, the entire firm closes, and all partners stop operating together.

Yes. While most firms close by mutual agreement, a court can also order dissolution if there is misconduct, insolvency, or incapacity of a partner.

A dissolution deed is proof that all partners agreed to close the firm. It records how assets and liabilities are settled, preventing disputes in the future.

Any partner can initiate the process. However, it is usually done jointly by all partners to ensure smooth closure and faster approval.