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Add A Partner In LLP

In Limited Liability Partnership Registration minimum of 2 people are required as a designated partner but there is no limit for the maximum number of partners. All the partners have limited liability which means they will never be personally liable for any liability arising by the LLP; their liability is only limited to the unpaid amount of their capital contribution. In the case of a normal partnership firm, the maximum number of partners is restricted to 50 only but in an LLP there is no limit. In LLP there is no limit in the addition of the partners or designated partners, it can be added anytime during the course of the business. But no appointment can be made without the consent of existing partners and if the partners are ready to add any person as a new partner then his/her detail should be mentioned in the LLP agreement as well. The LLP can add or remove any partner from the LLP during the tenure of its business.

There are two types of partners in LLP one is a designated partner and another one is a normal partner. A designated partner is a partner who performs all the functions which are required to run the business, he holds a position just like a director in the company. He takes part in day-to-day activity and performs all the functions and duties which are necessary for the business. A designated partner has DIN and DSC before his appointment but for the appointment of partner, it is not necessary to have DIN and DSC before the appointment.

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