Adding the New Partner to Your LLP When you wish to add a new partner to the LLP, it is expected that the new partner should apply initially for the Digital Signature Certificate along with the Partner Director ID Number. Moreover, the existing partners should also provide their consent in writing for the process. Moreover, the firm is expected to prepare a proper document for adding a new partner. The steps to be followed are:
Step 1: Passing Resolution for Partner’s Admission
After conducting a proper meeting with the partner, it is expected to pass the given resolution. Few important points to keep in mind while designing the passing resolution for the addition of a new partner should include:
• Executing resolution on LLP’s letter head
• Resolution of the expected signature of the current partners and the all-new authorized partner
• Providing details into the subject matter
• Affixing LLP’s stamp
Step 2: Executing Amendment to LLP Agreement
The given agreement should contain information about the capital, duties, roles, and others of the partner.
Step 3: Filing Forms 4 and 3 for Changing Partners in the Given LLP
The respective forms of LLP are needed to be duly signed by the utilization of DSC of the existing partner.