Classes Of Members Under LLP

Is It Possible For An LLP To Have Different Classes Of Member?
Posted 1 year ago  | 
Corporate Law
Corporate Law

1 Answer(s)

Deepika Gill
Advocate

As with a General Partnership or Limited Company it may be possible for an LLP Partnership Agreement to regulate the internal relations of those involved including their member rights. However there will be certain statutory provisions and rights of third parties which are unaffected.