MAKE YOUR FREE LLP Agreement
Other Names:
Limited Liability Partnership Agreement
LLP Partnership Agreement
LLP Members Agreement
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