Limited Liability Partnership LLP UK Limited Liability Partnership
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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? *
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What is the difference between a limited liability partnership and a limited company? * Who can form a limited liability partnership? *
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What is the content and purpose of a Partnership Agreement? How will a Limited Liabilty Partnership taxed? *
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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? *
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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? *
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Does a Limited Liabilty Partnership have a constitution in the form of Memoradum and Articles of Association like a company? *
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What is the purpose of a Partnership Agreement?

New legislation does not require you to have a written partnership agreement in the UK in order to register as a Limited Liability Partnership. However from a legal and practical view point you should certainly have an agreement in writing with your proposed partner setting out the terms of your partnership so it can be referred to especially in the event of a dispute. The sort of matters we would cover in the agreement are set out below:-

  • Business of the partnership
  • Firm name and location
  • Duration
  • Partnership property
  • Financial Provisions
  • Capital
  • Profits and losses
  • Drawings
  • Advances to the partnership
  • Bankers
  • Records and account
  • Managerial Provisions
  • Managing Partner
  • Meetings and Voting
  • Holidays
  • Absence
  • Motor cars
  • Insurance
  • The Partners' Obligations and Restrictions
  • Good Faith
  • Restrictions on partners
  • Motor cars
  • Termination Provisions
  • Retirement
  • Expulsion
  • Outgoing partners share
  • Determination of the Partnership
  • Cessation provisions
  • Arbitration in disputes
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?