ADD PARTNER

Add Partner to LLP

Partners in a LLP are responsible for the carrying on the business of the LLP. To add a Partner to a LLP, the person proposing to become a Partner must obtain a digital signature certificate (DSC) and director identification number (DIN). DIN can be obtained for any person who is above the age of 18. The nationality or residency status of the DIN applicant does not matters. Hence, Indian Nationals, Non-Resident Indians and Foreign Nationals can obtain DIN and be appointed as Partner of a LLP in India.

GST Pay is the leading business services platform in India, offering a variety of services like LLP registration, trademark filing, GST registration, income tax filing and more. GST Pay can help you appoint a director in your company. The average time taken to file for appointment of Partner is about 10 - 15 working days, subject to government processing time and client document submission. Get a free consultation for appointment of Partner by scheduling an appointment with an GST Pay Advisor.

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Duties and Rights of a LLP Partner

Duty to Indemnify

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

Implied Authority

The authority of a Partner to bind the LLP, in case of an transaction carried on, in the usual way business is carried on by the LLP, binds the LLP.

Rights of Partner

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

Properties of LLP

All property, rights and interest in assets (tangible or intangible) acquired or developed with the money of the LLP are deemed to belong to the LLP.