Can a LLP firm trade in share & commodity markets, as it's activity?

1.  Can a LLP firm have it's activity as "Online Trading & Investing in Share & Commodities markets"?

2.  Can a LLP have only 2 founding partners as 'Designated Partners' & all others as 'Silent/Sleeping Partners'?

3.  Can a clause be incorporated in the LLP deed that the 'Silent Partners' shall only share fixed profits with no share in any losses or the Assets or Management of the LLP?

4.  Is there any law, by which the 'Silent Partners' can takeover the Management or controlling power from the 2 DP's?

Thanks & Regards to all.

 

Replies (3)
Quick Summary
This discussion explores whether a Limited Liability Partnership (LLP) can officially list online trading and investing in share and commodity markets as its primary business activity. It also delves into the structure of partner roles, specifically if an LLP can have only two designated partners with others acting as silent partners. Furthermore, it questions the legality of including clauses in the LLP agreement that grant silent partners fixed profit shares without liability for losses or involvement in management, and whether silent partners can later assume control.

Yes a llp can trade in online activity.

Thanks for your reply to one query, Sir.  Could you also please answer the other queries, Sir?

For rest of questions , It should be governed by LLP agreement,An Agreement between partners inter se and between LLP and Partners

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