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A business is a strange combination of having real and intangible assets both. Intangibles are so potent in themselves, that they can guarantee exponential revenue and profitability alone.
Adding a Designated Partner
At least two designated partners must be in every Limited Liability Partnership. To add a designated partner, a resolution needs to be passed. He must have a DPIN and his name must be amended in the LLP agreement.
In the case of a Limited Liability Partnership (LLP), at least two individuals who are partners shall act as designated partners. These partners must have a Designated Partner Identification Number and their names must feature in the LLP partner agreement. The appointed partner can be changed or removed. These are easy to apply and the compliances are lesser when compared to other types of company registrations.
There is no maximum limit on the number of partners. There is also no restriction on joining and leaving an LLP. One can easily join or leave it. The ownership can also be transferred from one person to another without much difficulty.
