Form4 and 3 to file when partner from LLP resigns and other procedures
LLP is great structure to do business. But sometime very complex to manage.
The general faqs for pertners resignation are:
What is the procedure in case partner resigns from Limited Liability Partnership (LLP)?
Procedure is Resignation Notice, Retirement agreement and Capital distribution.
What forms to file with ROC/ROP?
Form 4 need to be filed with ROC at MCA portal. And also the fresh partnership agreement need to filed in form 3.
What is Form 4A, both form 4 and Form 4A need to filed or only form 4 for resignation?
Form 4A is for Addendum to LLP Form 4.
What is Addendum? And do I need to file that too?
If proposed partners more then 5 then need to file addendum.