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Change in LLP - Add Partner

PACKAGES

Basic

Add a Partner having DSC and DIN to an LLP.


Rs. 4899
+18% GST applicable

Standard

Add a Partner having DSC to the LLP. Fee inclusive of one DIN application.


Rs. 5899
+18% GST applicable

Premium

Add a Partner to the LLP. Fee inclusive of one DSC and one DIN.


Rs. 6899
+18% GST applicable

Add A Partner to LLP

The Partners in a Limited Liability Partnership are responsible for upholding the business of the LLP. The eligibility age is 18 years to become a Partner in an LLP. Eazy Startup offers an easy process for appointment of partner from Rs.4899/-

For a person proposing to become a Partner in an LLP, one must obtain a Digital Signature Certificate (DSC) and director identification number (DIN). The DIN certificate can only be obtained by a person who is above 18 years of age. Nationality or residency status of the DIN candidate does not apply. Therefore, in India, Indian Nationals, Non-Resident Indians and Foreign Nationals can obtain DIN and get appointed as a Partner of an LLP.

As a leading platform for Business services, Eazy Startup offers a variety of solutions like LLP registration, trademark filing, GST registration, income tax filing and more. We can help you appoint a Partner in your company. The average time it takes to register for appointment of Partner is approximately 10 - 15 working days, subject to government processing period and client document submission. Get a free consultation for appointment of Partner by scheduling an appointment with an Eazy Startup Advisor.

RIGHTS AND DUTIES

General Duties

It is mandated that Partners of an LLP must continue conducting the business of the LLP to common advantage, to be fair and faithful to each other, and to produce true accounts and full information of all matters affecting the firm to all partners.

Duty to Indemnify

Every Partner of an LLP is required to indemnify the LLP for any losses caused to it by fraud in the conduct of the business of the firm.

Implied Authority

Implied authority, also known as “usual authority,” is the authority of an agent acting on behalf of the LLP. The person acting with implied authority performs reasonably in order to effectively carry out his duties based on the circumstances of the event.

Rights of Partner

All Partners have right to participate in the conduct of the business of the LLP and attain access to inspect and copy the book of accounts of the LLP.

Properties of LLP

The LLP shall hold all property, rights and interest in assets (tangible or intangible) acquired or developed with the money of the LLP.

PROCESS

Advisory

The procedure for adding a Partner to the LLP depends upon the Partnership Agreement. Our Experts at Easy Startup shall advise you on the procedure relevant to you.

Resolutions

Once you obtain an understanding of the procedures involved in adding a Partner to your LLP, our Professionals shall draft the necessary documents for the procedure.

Filing

Once the Filings are signed, our Experts will prepare and lodge the necessary documents with the Ministry of Corporate Affairs to register the addition of new Partner.


FAQ'S

Q: How many members can be assigned as designated Partners?

A: For the functioning of a LLP, it requires at least two members as its partners and maximum can be any number of members.

Q: Can foreign nationals be appointed as designated partners?

A: He can be a citizen of any nation (Indian, Foreigners, and NRIs) appointed at any time but, at least one partner should be an Indian, according to the LLP act 2008.

Q: Types of Partners rights in LLP

1. Equal partners 

2. Differential Rights LLP partners

3. Differential Powers LLP partners

Q: Are all the partners consent required to add a designated partner?

A: Generally, to add a new partner, consent of all the existing partners is required. The terms of the agreement can be drafted to decide the manner in which a new partner can be appointed.

Q: Forms that are to be filed while adding a new partner

A: DIR form 3 and form 4 have to be filed to the authorities to be added as a designated partner.