Get your partnership dissolution filed starting at just ₹ 1,999/- only.
Trusted by thousands of Indian entrepreneurs for partnership closure, legal documentation, and ROC compliance with Ebizfiling.
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A partnership firm can be closed voluntarily or due to legal or financial reasons. When partners decide to discontinue business operations, they must follow the correct legal dissolution process under the Indian Partnership Act, 1932.
Understanding how to close a partnership firm ensures that liabilities are settled, accounts are finalized, and all legal relationships between partners officially end. The process involves drafting a Dissolution Deed, notifying the concerned Registrar of Firms, and closing bank accounts, GST, and tax registrations.
Ebizfiling helps businesses close partnership firms in compliance with law from drafting the dissolution agreement to filing intimation forms with authorities. Our experts make sure your firm is closed properly, avoiding future disputes or penalties.
All partners must agree to dissolve the firm.
No ongoing legal disputes or outstanding liabilities.
Final accounts must be settled among partners.
A Dissolution Deed must be executed in writing.
Intimation should be given to Registrar (if registered).
GST, PAN, and bank accounts should be closed.
Ensures all partners’ liabilities are legally settled.
Prevents legal disputes after business closure.
Stops unnecessary compliance costs and filings.
Helps partners focus on new ventures or structures.
Ensures clear financial separation among partners.
Protects business reputation with a legal exit record.
Ebizfiling provides a complete solution for how to close partnership firm in India. From drafting a Dissolution Deed and partner settlement to ROC, GST, and PAN closure, we manage every step professionally. We offer more closure services such as Strike off LLP, Strike off Pvt Ltd and Strike off OPC.
For consultation, call 09643203209 or email info@ebizfiling.com
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Proper closure safeguards partners from future liabilities, penalties, or disputes by ending all legal and financial obligations officially.
Ensures all business assets, liabilities, and dues are transparently divided among partners based on the agreed profit-sharing ratio.
A written dissolution deed defines each partner’s rights, responsibilities, and settlements, preventing future misunderstandings.
Helps partners complete all pending tax filings, cancel GST, PAN, and other business registrations to avoid future notices.
Partners can exit confidently knowing that the business is legally dissolved, and no obligations or debts remain unresolved.
Legal experts handle the documentation, filing, and departmental intimation process to ensure a smooth and compliant closure.
Original Partnership Deed
Dissolution Deed signed by all partners
PAN Card of the firm and all partners
Address proof of all partners
Latest financial statements of the firm
GST registration certificate (if applicable)
Bank closure letter or certificate
Review and Consultation
Draft Dissolution Deed
Obtain Partner Approval/Signatures
Notify Authorities
Final Settlement
Initial Consultation: We review your partnership structure, financials, and reason for closure to prepare a step-by-step plan.
Drafting Legal Documents: Our experts draft a valid Dissolution Deed in accordance with the Partnership Act, 1932.
Partner Coordination: We coordinate with all partners for signatures, settlements, and mutual approval of closure terms.
Departmental Intimations: We file all necessary intimations with Registrar of Firms, GST, and Income Tax departments.
Final Confirmation : After closure acknowledgment, we provide all legal documents for your records and future reference
Dissolution means legally ending a partnership firm’s business and terminating the relationship between partners. It ensures all liabilities are settled and no legal obligations remain after closure.
A partnership firm can be closed voluntarily by mutual consent due to completion of business purpose, expiry of term, insolvency, or death of a partner.
You must draft a Dissolution Deed, clear all dues, divide assets among partners, and inform the Registrar of Firms in writing about the closure.
It’s a written agreement signed by all partners confirming the firm’s closure, distribution of assets, and settlement of liabilities under the Partnership Act, 1932.
Although not mandatory, registration is highly recommended as it serves as strong legal proof in case of future disputes or government verification.
All business assets are sold or distributed among partners based on their capital contribution or as specified in the Dissolution Deed.
Yes. If your partnership firm was registered, you must inform the Registrar of Firms by submitting a closure intimation along with the deed.
Before closing the firm, you must apply for GST cancellation to avoid future compliance notices or tax liabilities from the department.
No. Unless stated otherwise in the partnership deed, the firm can only be dissolved with the mutual consent of all partners involved.
In such cases, the remaining partners can approach a civil court for dissolution citing valid reasons like misconduct, incapacity, or breach of contract.
A small fee is applicable when submitting the closure intimation to the Registrar of Firms, varying from state to state in India.
Yes. Even an unregistered firm can be closed through a mutual Dissolution Deed, but it cannot claim legal protection in disputes.
All outstanding dues must be paid before closure. If unpaid, partners are personally liable as per their profit-sharing ratio or agreement terms.
Yes. The business bank account should be closed after clearing all liabilities to prevent misuse and finalize financial closure.
It generally takes 10–15 working days after all documents are submitted, depending on approvals from the Registrar and other departments.
All pending tax returns must be filed before dissolution. Once closed, the firm is no longer required to file returns or maintain accounts.
Yes. Partners can start a new partnership firm or register an LLP or company after legally dissolving the old one.
The signed Dissolution Deed and Registrar acknowledgment act as final legal proof that the partnership firm has been closed.
Yes. With Ebizfiling, the process is 100% online — simply upload your documents, review the draft, and get your firm closed legally.
Ebizfiling manages the entire process — preparing the Dissolution Deed, coordinating partner approvals, and filing intimations with all authorities for complete legal closure.
Get your partnership dissolution filed starting at just ₹ 1,999/- only.
Trusted by thousands of Indian entrepreneurs for partnership closure, legal documentation, and ROC compliance with Ebizfiling.
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