Limited Liability Partnerships

PLEASE BE AWARE THAT THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023 IS IN THE PROCESS OF BEING IMPLEMENTED AND WILL CHANGE MANY OF THE TEMPLATES BELOW. WE ARE CURRENTLY REVIEWING AND UPDATING ALL RELEVANT TEMPLATES

A Limited Liability Partnership (LLP) is an alternative corporate business structure that has the benefit of limited liability for its members (like a limited company) and is a separate legal entity in its own right (meaning it can contract and own assets etc. on its own behalf). At the same time however, it allows its members the flexibility of organising their internal structure to resemble a traditional partnership. It therefore has both corporate and partnership characteristics. 

Despite its name, an LLP is not a partnership and partnership law does not generally apply to LLPs. LLPs are broadly governed by the Limited Liability Partnership Act 2000 as amended by various regulations, the Companies Act 2006 and the Insolvency Act 1986. The reforms under the Economic Crime and Corporate Transparency Act 2023 (ECCTA) extend to LLPs. The ECCTA is being implemented in phases. The first phase of implementation as relevant to LLPs occurred on 4th March 2024 when the Limited Liability Partnerships (Application of Company Law) Regulations 2024 came into force. These regulations amend previous regulations to ensure that certain amendments made to the Companies Act 2006 by the ECCTA apply (with modifications) to LLPs.

This LLP subfolder contains a guidance note on LLPs and offers a choice of templates to cover all the main aspects of forming, running and dissolving a LLP.

Our information pages which can be accessed here provide more information on the mechanics of operating a LLP.

LLPs are subject to the same PSC regime as limited companies and as such must collect and keep information about people with significant control over them in a register. Our PSC documents for LLPs can be accessed here.

• 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 Standard Format Minutes
• 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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