IS THERE ANY MAXIMUM NUMBER OF PARTNERS PRESCRIBED IN THE LIMITED LIABILITY BILL-2008.
SEE MINIMUM NUMBER IS 2 AND IN TRADIDIONAL PARTNERSHIPS THE MAXIMUM NUMBER IS FISXED.
- CA SUDHIR HALAKHANDI
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MAXIMUM NUMBER OF PARTNERS IN LLP
Replies (8)
JUST NOW I CAME TO KNOW FROM A FELLOW PROFESSIONAL THAT NO MAXIMUM NUMBER IS SPECIFIED IN THE LLP BILL-2008.
IS HE RIGHT?
yes sir, it is true......
there is no limit fixed for maximum no. of partners in a LLP.
Yes Mr. Sudhir, the maximum membership of LLP is unlimited.
THANKS
| " | Sir there is no specified limit of maximum number of partners in LLP. minimum is two. | " |
No Limit of Maximum No. of Partner defined in LLP Bill - 2008
but Minimum 2 Partner Defined
the very purpose of d concept of llp is to give partnership ,corporate characteristics without changing the legal status from firm to company....so obviously if abny upper limit is imposed on the no. of members,then the very purpose of llp will be defeated..so no max. limit
can a properitorship firm be upgraded to llp
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