Why adding or removing a Partner or a Designated Partner in an LLP may be required?

magusJune 19, 2020

There could be various reasons for the same. For instance:

Appointing people with right skill set;
Infusion of fresh contribution/ investor;
Change in existing understanding/ terms of the Partners;
Resignation of existing Partner or Designated Partner;
Incapability of existing designated partner to take charge; etc.
The removal may be voluntarily (i.e., at the Partner’s own volition) or through vacation by other Partners.

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Director , YUMFOODS & CONFECTIONERIES PRIVATE LIMITED

"I truly thank and appreciate Magus Professionals for their services and support. Ever since the incorporation of Rayaguru Infotech LLP, Magus Professionals has been there for us in meeting all the compliances in time and hassle free way. I strongly recommend Magus Professionals"

Designated Partner , RAYAGURUINFOTECH LLP

"My first interaction with Magus team was over a phone call made by them. Before this happened I had already recieved many phone calls made by similar organizations. I chose to get associated with Magus as the number of services they provide to their clients is unmatched. For a start up like mine, Magus is a one stop solutions. Starting from helping me prepare the rent agreement to helping me get all the required licenses and filing GST returns, they had it all covered. I have found their input very valuable time and again. Their dealings has always been extremely professional. I would like to thank them help me run my business and I hope this association stays for long"

Director , BFS AND MORE PRIVATE LIMITED

"Dear Magus Team, I want you to know how much I appreciate the excellent service you provided. Your attention to detail, great communication and ready smile made the experience even better than I expected. I won't hesitate to bring future clients to your establishment and you can be assured"

Director , RISING HIRESTAR CONSULTANCY PRIVATE LIMITED (OPC)