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of <h1>LLP Partners Act as Agents for Business, Not for Each Other, Under Limited Liability Partnership Act, 2008, Chapter V.</h1> Every partner in a limited liability partnership (LLP) acts as an agent of the LLP for business purposes, but not as an agent for other partners. This provision outlines the agency relationship within the LLP framework, emphasizing that a partner's actions bind the LLP but do not bind the other partners individually. This statutory provision is part of the Limited Liability Partnership Act, 2008, under Chapter V, which addresses the extent and limitation of liability for LLPs and their partners.
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