A limited partnership is a distinctly different business form than a general partnership. Limited partners have no voice in how the business is managed. The management of a limited partnership business may or may not have officers and a board of directors.

Is there a director in LLP?

Designated Partners is a concept introduced by the Limited Liability Partnership Act, 2008. Designated Partners are similar to Directors of a Private Limited Company. A Designated Partner in a LLP when compared to the Director of a Company, enjoy more rights and priviledges.

How many directors are there in LLP?

Except that there is a requirement of minimum 7 (seven) shareholders and minimum 3 (three) directors, one of whom should be a resident director, all the requirements for the Incorporation of a private limited company are also applicable to a public limited company. J.