Llp

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Neha Jain

Neha Jain (Querist)
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04 June 2013 Can a HUF be partner of LLP

Ajay Mishra

Ajay Mishra (Expert)
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22 June 2013 Hi

There should be atleast 2 persons (natural or artificial) to form a LLP. In case any Body Corporate is a partner, than he will be required to nominate any person (natural) as its nominee for the purpose of the LLP.
Following can become a partner in the LLP
a. Company incorporated in and outside India
b. LLP incorporated in & outside India
c. Individuals resident in & outside India
Following cannot become Partners
a. Minors cannot become partners in LLP as they are not eligible to enter into contract.
b. Partnership/HUF/Trust, as these are not legal entities.
c. Foreign Individual and entities, since foreign investment is currently not allowed in LLP.

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