Members' or partners' voluntary winding up: Declaration of solvency

Before you file

Filing a declaration of solvency is the first of three required filings for a members' or partners' voluntary winding up. If the entity is solvent:

• Local companies may apply for a members' voluntary winding up

• LLPs may file for partners' voluntary winding up

Step 1: Log in to Bizfile and open the "File winding up of business entity" eService

Follow these steps to log in to Bizfile and navigate to the File winding up of business entity eService

Note: All entity and personal information (including UEN, entity details, NRIC or FIN numbers, names and addresses) shown are dummy data for illustration purposes only.

1. Go to Bizfile and click "Login". Then, select "Business User" to log in via Corppass.

2. Check that the entity name and UEN displayed on the top menu bar and dashboard show the entity to be wound up.

3. (CSPs) Click the "Corporate Service Provider" tab on "My profile – Select profile" page. If you belong to more than one CSP firm, select your CSP firm from the dropdown list.

6. Click "Start" on the "File winding up of business entity" introduction page.

Step 2: Enter declaration of solvency details

Select the right winding-up type, and provide details about the declaration of solvency. Steps differ for local companies and LLPs.

For local companies

1. Verify the business entity details to ensure you are filing for the correct entity. Select "Members' / Partners' voluntary winding up" from "Type of winding up".

2. Enter the date of the meeting where the directors passed the declaration of solvency. The date must be the current date or a past date. Select the directors who attended the meeting and click "Save".

3. (Director's name not found in the dropdown list) Select "Others" and click "Save". Then, enter the director's name in the text box.

6. (Director's name not found in the dropdown list) Select "Others" and click "Save".

For LLPs

1. Enter the date of the meeting when the declaration of solvency was passed. The date must be the current date or a past date. Select all managers who made the declaration and click "Save".

2. (Manager's name not found in the dropdown list) Select "Others" and click "Save"

3. Enter the manager's name in the text box.

Step 3: Review and submit

Upload the required documents, review your filing, and submit.

1. Upload the statement of affairs and click "Review and confirm".

2. Review all information carefully. Then, check the declaration box and click "Submit".

3. You will receive an acknowledgement message confirming that the declaration of solvency has been filed.

4. You will also receive a notification in your Bizfile inbox.

After you file

To continue with the winding up process, you will need to file a notice of resolution as the next step.

Related pages

• Winding up a local company

• Winding up a limited liability partnership (LLP)

• Members’ or partners’ voluntary winding up: Notice of resolution

• Members’ or partners’ voluntary winding up: Appointing a liquidator

• Troubleshooting guide: Filing and managing winding up