Individuals or legal organisations must fulfil specific requirements to become partners in a Limited Liability Partnership (LLP). An LLP can be formed by any individual or business organisation, including foreign nationals or companies. There are no constraints on the number of partners, who might be people or other entities such as corporations or limited liability partnerships. However, at least two partners must be named as "Designated Partners" who are accountable for adhering to regulatory requirements. These Designated Partners must be persons, with at least one of them being an Indian resident. The conditions for becoming a partner in an LLP are flexible and allow for involvement from a wide variety of persons and organisations.
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