Limited liability partnership agreement

Interactive solicitor prepared template for a Limited Liability Partnership agreement. Prepared professionally, interactive and at an affordable cost

About this service

This Limited liability partnership (LLP) agreement provides a contractual framework which regulates the conduct of the members of the LLP. At the same time, the agreement provides key management structures and limits the liability of the members whilst retaining organisational and financial flexibility. This document is suitable for small- to medium-sized LLPs of no more than 20 members. Please note that this can only be used for LLPs consisting of individual members, and not companies or other LLPs.

This product is suitable for use in: England & Wales

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Useful information

Why should I consider a Limited Liability Partnership (LLP)?

Limited liability partnerships (LLPs) combine some of the features of traditional partnerships with those of limited companies.

Things to consider when founding a Limited Liability Partnership (LLP)

While the specifics of each Limited Liability Partnership (LLP) will vary depending on individual requirements, there are certain matters that must be addressed and this article will explain them.

How to choose your business structure

When the time comes to select the right structure for your business, there are three main configurations to consider, each of which has advantages and disadvantages.

The Limited Liability Partnership (LLP) agreement sets out:

  • A contractual framework for members of the LLP
  • Key management structures
  • The extent of the liability of members

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"Fantastic! The legal document I used was so comprehensive and easy to complete. It is very reassuring to know my business now has this level of protection"

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