LLP AGREEMENT GUIDE

This guide discusses limited liability partnerships incorporated in the UK. Click on one of the boxes below for further information.

WHAT IS AN LLP?

An introduction to LLPs and their characteristics Read more

WHAT IS AN LLP AGREEMENT?

What is the purpose of an LLP agreement and do you need one? Read more

What does a LLP Agreement contain?

LLP Agreements set-out detailed and practical rules relating to the LLP's business and its members. Each of the following sections outlines a key area that may be covered by a LLP agreement.

THE LLP's BUSINESS Defining the LLP's business and the members' contribution. Read more		LLP DECISION MAKING How important decisions are made and restrictions on the authority of individual members. Read more

LLP FINANCE, PROFIT AND LOSS Capital, property, drawings, profit distribution and accounts. Read more		PROTECTING THE LLP's BUSINESS Protecting the members' investment in the business through non-compete and confidentiality obligations. Read more

ADMISSION AND EXIT OF MEMBERS Rules governing the admission of members and their exit. Read more

The information provided on this website is intended as a general guide only. It is not exhaustive or tailored to your individual circumstances. Please consult our Website Terms of Use for further information.

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LLP AGREEMENT GUIDE