Limited Liability Partnership Agreement/deed among partners of LLP, clarifies operating structure including rights and responsibilities of partners. With LLP agreement, one of the selected partner/business by all other/s is appointed as ‘Designated Partner’, who is responsible for day to day operations of the company.  Either an existing company or an individual can be Member at a LLP agreement. The LLP agreement allows defining the roles of each partnerand their respective responsibilities, which help protecting a partner’s interest in case of loss because negligence or misconduct of any other partner/s.