The other partners must agree first, to add or remove a partner from an LLP (Limited Liability Partnership). If partners agree, then the LLP Agreement must be changed, and the modifications must be approved by the MCA. This article emphasis on Removal of a Partner in LLP, Rights and Liabilities of a partner at the time of resignation or removal in LLP, and “How to remove a partner from LLP?” is provided.
Partners manage a Limited Liability Partnership. The partners lead the Limited liability partnership in the direction of its objectives and vision, from management through operation. The status of the LLP is unaffected by the addition of new partners or the removal of existing partners, but the expansion of the company and the obligations of the remaining partners are undoubtedly affected. Before going through the removal of a partner from LLP. Let’s have a quick look at “What is LLP and it’s Benefits?”.
Partners manage a Limited Liability Partnership. The partners lead the Limited liability partnership in the direction of its objectives and vision, from management through operation. The status of the LLP is unaffected by the addition of new partners or the removal of existing partners, but the expansion of the company and the obligations of the remaining partners are undoubtedly affected. Before going through the removal of a partner from LLP. Let’s have a quick look at “What is LLP and it’s Benefits?”
