Closing a limited partnership (LP)

Follow our step-by-step guide to close your LP through cessation or dissolution through Bizfile.

Last updated 29 January 2026

On this page

Ways to close an LP

Two ways to close an LP

Option	Details
Cessation of LP	You can file a notice of cessation to cease running an LP.
Dissolution of LP	You can dissolve an LP for various reasons, such as: Cessation of a partnership Partner's death or bankruptcy A court order Any other reason

Option

Details

Cessation of LP

You can file a notice of cessation to cease running an LP.

Dissolution of LP

You can dissolve an LP for various reasons, such as:

This guide explains how to close an LP via Bizfile.

Who may apply

You can apply if you are the:

What you need to do

Required steps and information

What you need to do	Details
Prepare the required information	You need to prepare either: Date of cessation Date of liquidation or dissolution
Ensure that the LP has: Settled all administrative matters Cancelled its GST registration with IRAS, if applicable	Examples of administrative matters: Finishing any ongoing contracts Transferring vehicle ownership Clearing any outstanding loans or grants tied to your LP

What you need to do

Details

Prepare the required information

You need to prepare either:

Ensure that the LP has:

Examples of administrative matters:

Fees and processing time

Closing a business entity

What you need to know	Details
Fees	Free
Processing time	Immediate