LLP Members Eligibility Explained

This solution explains which entities can become members (partners) of a Limited Liability Partnership (LLP) based on the provided options.

Eligible LLP Members

According to the LLP Act, individuals and bodies corporate can become partners in an LLP. Based on the correct answer provided:

• Resident Indians (Individuals): Eligible.
• Limited Liability Partnerships (LLPs): Eligible, as they are considered bodies corporate.
• Companies (including foreign companies): Eligible, as they are bodies corporate.

Ineligible LLP Members

The entities not included in the correct option are generally considered ineligible or less commonly permitted partners in an LLP context:

• Corporation Sole: Typically not eligible.
• Co-operative society: Typically not eligible.

Conclusion

Therefore, the entities that can become members of an LLP from the given options are Resident Indians, Companies (including foreign companies), and other Limited Liability Partnerships.