LLP Retirement Letter

This LLP Retirement Letter is for use where a member is retiring from an existing LLP. It is a formal notice from the member to the LLP confirming their intention to retire.

It has been drafted for use with our Limited Liability Partnership Agreement and may need adapting if the LLP’s underlying agreement differs significantly from that standard form.

What this retirement notice covers

As well as confirming the member’s intention to retire, the letter records the date the retirement is due to take effect and the key terms of the retirement, including:

• how any sums due to the retiring member will be repaid; and
• the restrictions the retiring member will comply with after retirement.

It assumes the remaining members will continue to run the LLP following the retirement.

What else you may need

This is a standard form letter that the LLP can provide to a retiring member as the format it expects to receive. The LLP should follow this up with LLP’s Acknowledgement of Retirement.

LLP Retirement Letter is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.