Discussion
The maximum number of partners in limited liability partnership is :
Answer: D
There is no limit on the number of partners in a limited liability partnership.
The Limited Liability Partnership Act, 2008 requires at least two partners but sets no maximum. This makes the LLP form attractive to large professional firms such as accountancy and law firms.
Limits such as 10, 20 or 30 do not apply to an LLP. Ordinary partnership firms, by contrast, are restricted under the Companies Act, 2013 and its rules, which set a maximum of 50 partners for an unregistered association carrying on business.
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