LLP designated partner

Save Share

This query is : Resolved

Quick Summary

This discussion addresses whether an LLP designated partner can simultaneously be employed by a private limited company. Generally, there's no government bar, but it's crucial to check the LLP agreement for any restrictions on outside employment. The consent of the remaining partners is also essential. If these conditions are met, the designated partner can be employed.

Subramanian Hariharan

Subramanian Hariharan (Querist)
Follow

19 May 2021 Can LLP designated partner join PVT ltd as employee? if not who is eligible from LLP why?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

19 May 2021 The Government of India has not barred any person to carry business along with the employment. You should also go through the LLP agreement before becoming a member whether there is a provision which allows the partner to be employed anywhere else also. And the remaining partners should have no objection in it.

Message likes : 1 times

Subramanian Hariharan

Subramanian Hariharan (Querist)
Follow

19 May 2021 Thank you Sir, tried checking the LLP documents unable to find specific subject

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

19 May 2021 In such a case he can be employed.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now