Yes, quite possible.
Conditions as to addition of a partner is as per the mutual understanding all.
Further, there is no minimum capital requirement provided under law. However, the concerned form does not accept zero value in respective field. Therefore, you might want to bring contribution of minimal amount, say Rs 100 or contribute in kind.
You might like to know capital contribution requirement in Partnership firm, which is similarly applicable an LLP with little variation.
Want to add a partner? LegalWiz.in experts are here to take care of legal formalities. Connect with us on 1800–313–4151 for more information.