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Contribution by Partners

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+ What do you mean by Contribution?
+ What can be the form of contribution?
+ Whether contribution can be increased?
+ How to work out the monetary value of contributions? If any rules prescribed whether the same are in conformity with general principles of valuation?
+ Ownership of business and Profit & Loss sharing ratio- whether the two may be different? If yes, how the ownership of business be determined -Whether by capital contribution or otherwise?
+ Initial capital contribution to remain fixed or the same may keep on fluctuating with the addition/ withdrawal of additional capital or with addition/ deletion of Profit & Loss?
+ Whether partner can withdraw their contribution like drawings in case of partnership?
+ Whether contribution can be reduced in LLP?
+ whether it is necessary for partners to contribute in the LLP?

FAQs Category

Activities of LLP Applicability of Limited Liability Partnership Act
Audit Compliances by LLP
Contribution by Partners Conversion into LLP
Designated Partner Identification Number Digital Signature Certificate
e-Filing Incorporation of LLP
Investigation Liability of Partner
LLP Agreement LLP Name
Merger & Winding Up Miscellaneous
Nature of Limited Liability Partnership Partners and Designated Partners
Registered Office Tax on LLP


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