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Guidance Note: Limited Liability Partnerships (LLPs)


This Guidance Note: Limited Liability Partnerships (LLPs) introduces and explains the main legal principles as they relate to LLPs for the purposes of starting a business, using a LLP as a business vehicle.

This note guides the reader in relation to choosing the right business structure for their business and runs through the legal issues involved in forming a LLP and putting together a LLP agreement. The guidance also includes a discussion of:

  • the PSC regime as it applies to LLPs;
  • the filing of small LLPs accounts,
  • LLPs qualifying as micro-entities; and
  • the confirmation statement as it applies to LLPs.

This guidance note should be read in conjunction with our other LLP templates, in particular our Basic and long form LLP Agreements.

This guidance note also considers the Supreme Court ruling of May 2014 relating to the status of LLP members as “workers” for the purposes of the Employment Rights Act 1996. This means that individual LLP members will enjoy the statutory rights and protections conferred on “workers” under legislation, governing amongst other things, whistleblowing protection, rest breaks and paid annual leave.


This note has been updated as of 26th June 2017 to incorporate the changes made to the PSC regime as of that date.

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