Implemented on 1st October 2009
Information & Guidance |
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Limited Liability Partnerships A Limited Liability Partnership (LLP) shares many of the features of a normal partnership - but it also offers reduced personal responsibility for business debts. Unlike members of ordinary partnerships, the LLP itself is responsible for any debts that it runs up, not the individual partners. The guides below will give you a brief overview of how to register as a Limited Liability Partnership. You'll also find a Checklist to help you make sure that you've done everything needed to put your LLP on a proper legal footing. For accounting periods starting on or after 06 April 2008 the time allowed for filing accounts at Companies House has been reduced from 10 months to 9. For further information please see Companies Act 2006 FAQ. Issue 56 of the Companies House Register magazine (PDF format) contains an interesting and informative article about LLPs Limited Liability Partnership Guidance |
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