Execution formalities—limited liability partnerships


Published by a ½Û×ÓÊÓƵ Commercial expert
Practice notes

Execution formalities—limited liability partnerships


Published by a ½Û×ÓÊÓƵ Commercial expert

Practice notes
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This Practice Note provides practical guidance on proper execution of simple contracts and deeds for limited liability partnerships (LLPs). See also Precedents: Execution clause—limited liability partnership—contract and Execution clause—limited liability partnership—deed. For analysis relating to the formation of an LLP, see Practice Note: Forming a limited liability partnership.

We have produced a collection that is a comprehensive, interactive resource to help users identify and work through the concepts and common issues when executing documents. Each section or phase includes practical guidance, precedent clauses and Q&As relevant to that section. For more information, see: Execution collection.

The law

Before 1 October 2009, the execution formalities that applied to LLPs were set out in the Companies Act 1985.

Since 1 October 2009, LLPs have been subject to the Companies Act 2006 (CA 2006) by virtue of and modified by the Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009 (LLPs (Application of CA 2006) Regs 2009), SI 2009/1804 which applies CA 2006, ss 43–47 to LLPs with modifications.

CA 2006, s 43 (as modified and applied by LLPs (Application of CA 2006) Regs 2009, reg 4) states

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United Kingdom
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