General Reasons For Removal Of Partner
LLP business is conducted based on mutual understanding and in accordance with the LLP agreement. A partner may be removed from an LLP for various legitimate reasons. Such provisions are common in LLP agreements. Here are a few examples of situations where taking action to remove a partner may be necessary.
Fraud in business
Negligence in roles and responsibilities
Violation of Law
Lack of funding
Bankruptcy or insolvency of the general partner
Change in scope of work of LLP
Retirement or resignation of a partner
Breach of financial data
Breach of Trust
Inability to perform obligations, as defined in the LLP agreement
List Of Document For Removal Partner From LLP
Existing LLP Agreement
Consent letter
Resolution for Authorizing partner
Resignation letter
DIN & DSC of Authorized Partner
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