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Last Updated On 24-May-2018
Corporate and Incorporation

Silent partner in LLP

Sir, I am salaried employee of IT company. I want to enter in business with my brothers and form the LLP. I will be the silent partner in LLP. Please let me know in what are the legal implication being salaried employee of other company and being silent partner in LLP.

24-May-2018

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A.
If your employer has no issue then you can go ahead.
Posted On 24-May-2018
Kishan Dutt Kalaskar
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It depends on the IT company terms & conditions and also their NOC for entering in the partnership even as sleeping/Silent/Non-Executive partner, so as to avoid any legal and conflicting interest of the company.
Posted On 24-May-2018
Vidhikarya
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You can be a silent or sleeping partner but need to be careful that you don't take any executive role as that would clash with your present employment. If you need you can speak to me and get all information on this. You can ask team Vidhikarya for an appointment with me.
Posted On 24-May-2018
Abhimanyu Shandilya Advocate Abhimanyu Shandilya
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