Who can be a member of a Limited Liability Partnership?


Limited Liability Partnership (LLP) is owned and managed by its members/partners.

An LLP is required to have at least 2 Partners and 2 designated partners and designated partners can also be the partners of the LLP. There is no restriction on the maximum number of partners /designated partners.

The Limited Liability Act, 2008 has prescribed eligibility criteria for being a partner and designated partner of LLP.


Who can become a Partner of LLP?

Following persons are qualified to become a partner of LLP –

  1. Individuals (includes both Indian national & resident and Foreign national)
  2. Body Corporate


Who can become a Designated Partner of LLP?

Unlike partners, only Individuals can become the Designated partner. Unlike partners, at least one of the Designated Partners of the LLP shall be a resident of India.


Disqualifications from becoming a Partner/Designated Partner

An individual shall be disqualified from becoming a partner or Designated Partner of the LLP when he/she is a

  1. Declared as unsound Mind by the Court of Competent Jurisdiction, or
  2. Undischarged insolvent, or
  3. Has applied for being adjudicated as an insolvent and his/her application is pending before appropriate authority, or

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Knowledge Source:

What is the difference between LLP and Traditional Partnership Firm?

What is the minimum capital requirement to start a Limited Liability Partnership?

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