UK LLP
- At least two members (who can be corporate members) and one manager.
- All members of an UK LLP have limited liability over the debts and losses of the partnership;
- During registration, LLP must submit an Agreement stating:
- Distribution of profits
- Decision-making authority
- Members’ responsibilities and
- Entry and exist policies;
UK LLP Legal Requirements
UK Limited Liability Partnership |
Corporate Details |
General |
|
|
Limited Partnership (LP) |
|
Yes |
Share capital or equivalent |
|
|
Canadian dollar |
|
Any |
|
None |
|
None |
Directors | Officers | Partners |
|
|
2 (1 limited partner, 1 general partner) |
|
Yes (1 general partner/director) |
|
No |
|
Yes |
Accounts |
|
|
Yes |
|
No |
|
Yes |
|
Yes |
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