Directors in LLP are considered as employee or just shareholders if they don't draw any salary from their LLP.
Directors of LLP considered as employee or just shareholder
Abhinaba (self) (28 Points)
17 February 2010
CA. Savitha vijayan
(Chartered Accountant)
(212 Points)
Replied 16 March 2010
Hi Abhinaba,
Der is no concept of Directors in LLP- Limited Liability Partnershp. There is Designated partners and partners. whether they draw salary r not the positn will be as tat of a partner as in ordnary partnershps.