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LLP Partner Resignation / Removal

Support for documenting a partner exit or removal and updating the LLP Agreement and related records.

What is this Service?

Recording a partner’s exit or removal from an LLP — the cessation notice, settlement of their contribution position in the agreement, and the MCA filings.

Why You Need It

A partner exit can affect continuity, contribution, and the LLP's ongoing compliance position.

Key Benefits

Review of the exit against the LLP agreement and the statutory minimums

Cessation notice and partner resolution drafting

Supplementary agreement recording the revised contribution and profit share

Key Facts

Applicable to: LLPs with a partner resigning or being removed
Filed in: Form 4 for the cessation, Form 3 for the amended agreement
Due date: Within 30 days of the cessation
Watch-out: An LLP must keep at least two partners and two designated partners

Documents Needed

Signed resignation or removal notice with its effective date
Consent of the remaining partners
Revised contribution and profit-sharing details
Existing LLP agreement and DSC of a designated partner

What Is Not Included

Government, statutory, stamp-duty and portal charges (billed at actuals)
Litigation, adjudication or representation before any authority
Bookkeeping, statutory audit and income-tax return preparation
Additional filings triggered by facts discovered during the review