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Limited Liability Partnerships

A Limited Liability Partnership (LLP) is a corporate business structure that combines limited liability (like a company) with flexibility in how members organise and run the business (similar to a partnership). An LLP is a separate legal entity, so it can hold assets and enter into contracts in its own name.

Despite the name, an LLP is not a partnership and partnership law does not generally apply. LLPs are governed primarily by the Limited Liability Partnerships Act 2000 and regulations that apply (with modifications) parts of company and insolvency law. This includes aspects of the Companies Act 2006 and the Insolvency Act 1986.

The ECCTA reforms extend to LLPs. From 4 March 2024, the Limited Liability Partnerships (Application of Company Law) Regulations 2024 applied the first tranche of ECCTA-driven changes (with modifications) to LLPs. Since 18th November 2025, further changes made under the ECCTA are also applicable to LLPs. In particular, the identity verification regime and that LLPs are no longer required to maintain local registers of members, members' residential addresses and PSCs, instead this information and any changes to this information, must be filed directly with Companies House (within 14 days).

This collection helps you document the key stages in the life of an LLP: formation, day-to-day governance, member changes, and dissolution.

Our information pages on LLPs can be accessed here.
LLPs are also subject to the PSC regime. Our PSC templates for LLPs can be accessed here.

When Should You Use These Limited Liability Partnership Templates?

✅ you are forming an LLP and want clear written terms between the members from the outset
✅ you need a practical governance toolkit for running the LLP and recording key decisions
✅ you are admitting a new member, changing profit shares, or updating management arrangements
✅ a member is leaving or retiring and you need an agreed record of the exit terms
✅ you are restructuring, selling, or transferring the business and need a clear paper trail
✅ you are closing the LLP and want a clean dissolution process and record

Limited Liability Partnerships is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.

Frequently Asked Questions

What is an LLP and how is it different from an ordinary partnership? +
An LLP is a body corporate with its own separate legal personality, so it holds assets and signs contracts in its own name and members' liability is generally limited to what they agree to contribute. Despite the name it is not a partnership and partnership law does not generally apply: it is governed mainly by the Limited Liability Partnerships Act 2000. An ordinary partnership, by contrast, exposes partners to personal liability. Simply-Docs offers LLP formation and members' agreement templates.
Do LLP members need a written agreement, or does the law cover it? +
You should have a written members' agreement. If there is none, default provisions in regulations apply, and like the partnership defaults they are rarely what members want, for example equal profit sharing. A members' agreement sets profit shares, capital, decision making, what happens when a member joins or leaves, and management roles. Simply-Docs provides LLP members' agreement and governance templates to replace the defaults with agreed terms.
How do I actually set up an LLP, and is it registered like a company? +
Yes, you incorporate an LLP at Companies House and it appears on the public register, much like a company. You need at least two members and you file the incorporation form. Companies House charges £100 by software or £124 on paper for LLP incorporation (there is no online LLP option), current from 1 February 2026. Simply-Docs provides LLP formation documents and a members' agreement to put in place at the same time.
I run an LLP. Do the new Companies House identity verification rules apply to us? +
Yes. The Economic Crime and Corporate Transparency Act reforms extend to LLPs. Since 18 November 2025 the identity verification regime applies, so LLP members must verify their identity with Companies House. LLPs also no longer keep their own local registers of members and PSCs: that information is filed directly with Companies House and changes must be filed within 14 days. Simply-Docs LLP and PSC templates reflect these requirements.
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