Distribution of profits to partners in llp
This query is : Resolved
Nanda kishor V
(Querist)
01 November 2016
Dear Experts,
I want to know whether there is any restriction in distributing profits to Partners in LLP on a Monthly Basis.
Please revert
Regards
Nanda Kishor V
I want to know whether there is any restriction in distributing profits to Partners in LLP on a Monthly Basis.
Please revert
Regards
Nanda Kishor V
Pratik Shah
(Expert)
03 November 2016
No. There are no restriction in LLP Act in this regard. If LLP Agreement contains Clause on this, it is possible to distribute the profits on monthly basis. (provided Company pays taxes profits properly)
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