limited liability partnership UK limited liability partnership limited liability partnership UK
* *
Company Incorporaion Agents Main Page * *
* *
About Business Legal Limited: Company Incorporation Agents *
* *
* *
Incorporate a new company *
* *
*
*
Company Incorporation Agents Ancillary Services *
* *
* *
Make an application to Business Legal Limted Company Incorporation Agents *
* *
Contact Business Legal Limited: Company Incorporation Agents *
* *
Frequently Asked Questions about Company Incorporations *
* *
Links to web sites associated with Company Incorporations *
* *
* * * *
* *
Company Incorporation Agents specilaising in Company Incorporation, Company Formation and Company Registration of UK Limited Companies What is a Limited Liability Partnership? *
Who will be liable for the Limited Liabilty Partnership? *
* *
What is the difference between a limited liability partnership and a limited company? * Who can form a limited liability partnership? *
* * *
What is the content and purpose of a Partnership Agreement? How will a Limited Liabilty Partnership taxed? *
* * *
A registered office is required in order to incorporate a Limited Liailty Partnership - what is a registered office? *
What is the minimum number of designated members a limited liability partnership requires? *
* *
* *
What is the difference between a member and a designated member in a Limited Liabilty Partnership? What are the disclosure requirements of a limited liabilty partnership? *
* * *
Does a Limited Liabilty Partnership have a constitution in the form of Memoradum and Articles of Association like a company? *
* *

What is the difference between a member and a designated member?

With the agreement of the other members, a member may become a designated member at any time. Designated members have the same rights and duties towards the limited liability partnership as any other member. These mutual rights and duties are governed by the limited liability partnership agreement (which we recommend you have drawn up) and the general law.

However, the law also places extra responsibilities on designated members. In particular, designated members are responsible for:

  • appointing an auditor (if one is needed)
  • signing the accounts on behalf of the members
  • delivering the accounts to the Registrar
  • notifying the Registrar of any membership changes or change to the registered office address or name of the limited liability partnership
  • preparing, signing and delivering to the registrar an annual return (Form LLP363a)and acting on behalf of the limited liability partnership if it is wound up and dissolved
  • Designated members are also accountable in law for failing to carry out these legal responsibilities
If you would like to incorporate a Limited Liability Partnership in the UK, or you have any queries, please fill in the Limited Liability Partnership application form or contact us.
  Home About Us Services Company Formation Apply Contact Us FAQ's Links
  What is a Limited Liability Partnership? Who will be liable?
  Difference between a LLP and a limited company Who can form a LLP?
  The content & purpose of a Partnership Agreement How is an LLP taxed?
  Min number of designated members a LLP requires What is a registered office?
  Difference between a member & a designated member What are the disclosure requirements?
  Does an LLP have a constitution in the form of Memoradum and Articles of Association?