LLP Standard Format Minutes
Unlike limited companies the legislation governing LLPs does not specify how LLPs record their internal decisions. There is no equivalent provision for LLPs to section 248 of the Companies Act 2006, whereby every company must record the minutes of all proceedings at meetings of its directors and records must be kept.
It is however likely that the governing LLP agreement will specify how internal decisions should be made and recorded; this will usually apply to meetings of the members of the LLP as a whole and also those decisions taken by the designated members. Even if the LLP agreement is silent, it is a matter of good internal administration that a process is established for arriving at decisions and a record of meetings is kept by the LLP.
This template is based on our standard format minutes for companies and adapted for LLPs. It may be used to record the minutes of a meeting of the members of the LLP as a whole or a meeting of the designated members.
These minutes contain optional wording and are in open format. The requisite details should be inserted into the highlighted fields or the wording can be adjusted to suit your purposes. Wording in square brackets is optional. If it is required, then the brackets should be deleted and the wording within them retained. If the wording is not required, then it can be deleted.
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