Retirement from LLP – Formal Acknowledgement

LLP Acknowledgement of Retirement

This LLP Acknowledgement of Retirement is intended to be used where a member has retired from an existing LLP and the LLP is formally acknowledging this. It has been drafted to be used in conjunction with our Limited Liability Membership Agreement and therefore will need to be adapted if the underlying LLP agreement varies significantly from our standard form.

This letter acknowledges the member’s intention to retire, specifying the date this will take effect as well as the terms of the retirement and how the retiring member will be re-paid any sums due to him/her as well as any restrictions that the member should abide by following his/her retirement.

This is a standard form acknowledgement and should be used subsequent to the LLP receiving a formal Letter of Retirement from the member.

Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.

This LLP Acknowledgement of Retirement is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

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