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Number of partners in LLP

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(Querist)
16 January 2020 I am curious to understand what happens if only one partner remains in LLP. Rest all partners are retired for summer or the other reasons
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Amol S Joglekar

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Amol S Joglekar (Expert)
16 January 2020 partnership represents PLURALITY. A single person does not satisfy the condition of PLURALITY and hence there exists no LLP when only 1 of the partners remains.
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Swapnil Jain

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Swapnil Jain (Querist)
16 January 2020 Thank you

But after retirement of all the partners except one, does the company gets converted in proprietary?



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Amol S Joglekar

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Amol S Joglekar (Expert)
16 January 2020 No automatic route as such. You need to inform the authority about the same.

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