Sample limited liability partnership agreement uk

Other Names: Limited Liability Partnership Agreement LLP Partnership Agreement LLP Members Agreement

What we'll cover

• About LLP Agreements
• LLP Agreement FAQs
• LLP Agreement checklist

What is an LLP Agreement?

An LLP Agreement is a document used to create a limited liability partnership (ie an LLP), a type of business partnership that combines the flexibility of a traditional partnership with the advantages of corporate limited liability. LLP Agreements enable a business partnership to be started with clear rules for sharing power and profits.

When should I use an LLP Agreement?

Use this LLP Agreement:

• to clarify the partners' contributions to and their capital shares in the LLP
• to set out the partners' profit shares
• to set out how decisions are to be made within the partnership
• only for LLPs registered in England, Wales, or Scotland

Sample LLP Agreement

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