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Dr Harshavardhan Patwal

Periodontist , impla... • 1y

will someone tell me if a LLP account can have a co founder and take external investment.

3 Replies

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Anonymous 3

Hey I am on Medial • 1y

No. They can but they will have to make these guys partners in business instead of just investors for equity. Then the partners are loable for shit. So they dont prefer it

Anonymous 2

Hey I am on Medial • 1y

If you’re planning to raise funding, convert your LLP into a private limited company. LLPs are great for small businesses but terrible for scaling startups that need venture capital

Anonymous 1

Hey I am on Medial • 1y

Yes, an LLP (Limited Liability Partnership) can have a co-founder. The partners in an LLP are essentially co-founders. However, bringing in external investment can be tricky because LLPs don't issue shares like a private limited company. Investors prefer equity over profit-sharing agreements.

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