Can partner give loan to LLP?

Can partner give loan to LLP?

Yes a partner can give loan to LLP and have the same rights to that of other outside creditors, 
Since LLP has a distinct legal identity apart from its member making the partners and LLP two different persons. Even though the governing statute doesn't put any restrictions for loan from partners to keep the transactions fair and genuine, the loan should be granted at an interest rate not higher then that of loan from outsiders.

 


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