Add or Remove Partner in LLP – Explained in Simple Words
If a business is an LLP, sometimes it may want to Add or Remove Partner in LLP. This means bringing a new person in or letting one person go. LLP stands for Limited Liability Partnership. It must always have at least two special people called Designated Partners. One of them must live in India.
To make the change, the partners must agree together. Then, they write it down and tell the government by filling forms.
To become a Designated Partner, a person needs:
- A digital signature (like an online sign)
- A DPIN (a special ID number)
- A letter saying “Yes, I want to join”
Anyone who is 18 years or older can apply for DPIN. Even people from other countries can become a partner in an LLP in India.