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                                        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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