Add or Remove a Partner in LLP – Quick & Compliant with OneCallTax

Seamless Partner Addition or Removal
MCA-Compliant Legal Restructuring
Minimal Paperwork, Quick Processing
Expert Guidance for Smooth Transition
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Why Add or Remove a Partner in an LLP?

Reasons to Add a Partner in an LLP

Business Expansion
Need for Additional Expertise
Infusion of More Capital
Change in Management Roles

Reasons to Remove a Partner in an LLP

Voluntary Resignation
Death or Incapacity
Non-compliance with LLP Agreement
Misconduct or Conflict of Interest

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Qualification Criteria to Add or Remove a Partner in LLP

To Add a Partner: Must be an individual or entity legally eligible to enter into a contract in India.
To Remove a Partner: If the partner voluntarily resigns, passes away, or violates the LLP Agreement.

Agreement & Capital Investment Needed

LLP Agreement Amendment: Must be updated to reflect the change.
Capital Contribution: The new partner’s investment must be documented.

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Documents Required to Add or Remove a Partner in LLP

PAN & Aadhar of the Partner
Digital Signature Certificate (DSC)
LLP Agreement (Updated Version)
Resignation Letter (If Removing a Partner)
Form-3 & Form-4 for MCA Filings
Consent Letter from Existing Partners

Detailed Process & Forms for Adding or Removing a Partner in LLP

1
Obtain Digital Signature Certificate (DSC)
- Required for new partners to sign documents digitally.
2
Obtain Director Identification Number (DIN)
- If applicable, the new partner must obtain a DIN.
3
Draft Amendment to LLP Agreement
- Prepare an updated LLP Agreement reflecting the changes.
4
Pass a Resolution for the Change
- Existing partners must approve the addition or removal.
5
File Form-3 & Form-4 with the MCA
- Submit the necessary filings with the Ministry of Corporate Affairs.
6
Update Bank & Taxation Details
- Ensure all financial and tax records reflect the updated partner details.

Timelines for Completion

Document Preparation: 2-3 Days
Filing with MCA: 5-7 Days
Approval & Updates: 10-15 Days

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How to add a partner in LLP with OneCallTax
LLP partner resignation process
Change in LLP agreement due to new partner
MCA LLP partner addition rules
LLP partner removal fees

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