If the number of members falls below two and remains so for more than six months, the sole member may become personally liable for the LLP’s debts incurred during that period.
What happens if an LLP has only one member?
< 1 min read
< 1 min read
If the number of members falls below two and remains so for more than six months, the sole member may become personally liable for the LLP’s debts incurred during that period.
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