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

LLP 1140 views 3 replies

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)
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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