Designated Partners

• Designated partners are responsible for the regulatory and legal compliance of the LLP.
  
• At least two designated partners are mandatory in every LLP.
  
• One of them must be a resident in India, as defined by the LLP Act.
  
• They must obtain a Designated Partner Identification Number (DPIN).
  
• Their names are officially filed with the Registrar of Companies (RoC).
  

Ordinary Partners

• Ordinary partners contribute to the business but do not handle statutory compliance.
  
• They participate in the day-to-day operations and decision-making.
  
• They are not required to hold DPINs unless acting as designated partners.
  
• Rights and duties are governed by the LLP agreement.
  
• They can be individuals or bodies.
  

Equal and Unequal Partners

• LLPs allow for both equal and unequal partnerships, based on contribution or roles.
  
• Partners may share profits, losses, and responsibilities equally or in varying ratios.
  
• The LLP agreement defines the terms of contribution and return.
  
• This flexibility enables customized internal arrangements.
  
• Roles can differ without affecting the legal status of the LLP.
  

Nominee Partners

• A body corporate can appoint a nominee individual to act as its representative in the LLP.
  
• The nominee partner acts on behalf of the body corporate partner.
  
• Such appointments must be disclosed in the LLP registration records.
  
• The nominee bears responsibilities similar to other partners.
  
• Any change in the nomination must be updated with the authorities.
  

Sleeping or Silent Partners

• Sleeping partners contribute capital but do not take part in daily operations.
  
• They remain passive in management but are legally recognized partners.
  
• They enjoy profit-sharing rights and are subject to limited liability.
  
• Their rights and obligations are detailed in the LLP agreement.
  
• They are often included for investment or strategic representation.