To be constituted, an LLP (Limited Liability Partnership) must have a minimum of two participants. This guarantees that the partnership has shared accountability and management. There is no predetermined maximum number of partners in an LLP. This gives LLPs the freedom to have as many partners as they need to fulfil their business objectives. Because there is no upper limit, LLPs can expand and accommodate more partners as the firm expands. However, at least two partners must always be identified as "Designated Partners," who have extra responsibilities and obligations under the LLP Act.
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