Limited Liability Partnerships
❗ PLEASE BE AWARE THAT THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023 IS BEING IMPLEMENTED IN PHASES AND MAY CHANGE SOME OF THE TEMPLATES BELOW.
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.
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 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
🔀 Document Toolkit: Typical Sequence (may vary)
| Step 1 | Agree the commercial deal. Confirm who the members are, what each contributes, how profits and drawings work, and how decisions are taken (including reserved matters). |
| Step 2 | Put the LLP’s internal rules in place. Use the members’ agreement templates to document management, profit share, capital, duties, information rights, and exit mechanics. |
| Step 3 | Run the LLP with a clean decision trail. Record key decisions and approvals consistently, and keep the LLP’s statutory and compliance records up to date. |
| Step 4 | Handle member changes properly. Use the admission, retirement and variation templates so changes to membership and terms are documented clearly and consistently. |
| Step 5 | Close or restructure with a clear endpoint. If the LLP is ending, use dissolution templates to confirm the date and the handling of assets, liabilities and final distributions. |
These templates are drafted by experienced solicitors and reflect the Limited Liability Partnerships Act 2000 and relevant regulations, and the Companies Act 2006 and ECCTA 2023 where applicable.
- Guidance Note: Limited Liability Partnerships (LLPs)
- LLP Checklist
- Basic LLP Agreement
- Limited Liability Partnership Agreement
- Deed of Adherence to Basic LLP Agreement
- Deed of Adherence to Limited Liability Partnership Agreement
- New Members’ Non-Disqualification Confirmation Letter
- Deed of Variation (LLP)
- LLP Retirement Letter
- LLP Acknowledgement of Retirement
- LLP Meeting Minutes Template
- LLP Members’ Written Resolution
- LLP Whistleblowing Policy
- LLP Consent Letter – Abridged Accounts
- LLP Pro Forma Reply Slip Consenting to Abridged Accounts
- LLP Confirmation to Members Regarding Abridging LLP Accounts
- LLP Cover Letter to Companies House Regarding Abridging Accounts
- LLP Consent to Abridged Accounts
- LLP Confirmation Statement
- LLP Confirmation of Identity Letter
- LLP Identity Verification Form
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