Differences Between A Partner And A Designated Partner

Differences between a Partner and a Designated Partner in LLP

Partner and designated partner in a LLP both are responsible for all acts, matters and things required to be done in a limited liability partnership (LLP). The duties of designated partners in a Limited Liability Partnership (LLP) are same as that of partners. Also they perform the same role as that of a director performs in a Company. They are governed by mutual rights and duties as provided in the LLP agreement