Limited liability partnerships

This overview is a guide to the content within the Limited Liability Partnerships subtopic, with links to the appropriate materials.

A limited liability partnership (LLP) is a body corporate which is formed under the Limited Liability Partnerships Act 2000 (LLPA 2000), which came into force on 6 April 2001.

Nature of an LLP and its legal framework

The majority of law applicable to LLPs is actually modified company law rather than partnership law. In particular:

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the Limited Liability Partnerships Regulations 2001, SI 2001/1090 (LLPR 2001), apply provisions of partnership law to LLPs
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the Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009, SI 2009/1804, apply many parts of the Companies Act 2006 (CA 2006), with appropriate modifications, to LLPs, and
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the Limited Liability Partnerships (Accounts & Audit) (Application of the CA 2006) Regulations 2008, SI 2008/1911, apply parts of the CA 2006 in relation to accounts and audit to LLPs

Further guidance is contained in the subtopic in the following Practice Notes:

•
The nature of a limited liability partnership and its legal framework
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SDLT

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