The sort of organisation where a partner’s liability is constrained is a limited liability partnership (LLP). LLP has a unique legal standing. Each partner is shielded from personal liability as well as from any joint liability resulting from the other partner’s improper behaviour or poor business judgement. The Limited Liability Partnership Act of 2008 governs LLP registration, and a separate LLP agreement must be filed. The Registrar of Companies must receive a registration form for an LLP.

Every LLP must have at least two Authorized Partners, both of whom must be people and at least one of whom must be an Indian resident.

A “partner” is somebody who enters into a partnership with other individuals. On the other hand, a designated partner is a partner who has been designated as such in the limited liability partnership’s governing documents as of the time of registration.

According to the Limited Liability Partnership Act of 2008, the appointment of a designated partner is a straightforward process that allows a current member to approve the addition of a new partner to an LLP. Director Identification Number, or (DPIN), must be obtained by the designated partner (DIN).