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Is it mandatory to remain partner in a LLP
10-Oct-2023 (In Corporate Law)
Dear Sir I have started working in an Audit firm. Prior to this employement, me and my friends had set up a gaming arena as an LLP. I am not drawing any salary out of this LLP (business). Is it required by law for me to exit as partner of this LLP due to my work with an Auditing firm Thanks for your help!
There is no bar to work or start another company when working in an Auditing Firm. However, if your auditing firm is not keen on you working elsewhere, that is the policy matter of the Auditing Firm. By and large there is no legal bar.
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