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View the related checklists about Limited liability partnership

Pre-completion searches—checklist

Pre-completion searches—checklist This Checklist sets out the pre-completion searches that a buyer, tenant or mortgagee should make, when the searches are necessary, timing requirements and the priority periods given by each search. It is not an exhaustive list and additional searches may be required depending on the nature of the transaction. For details of how to make each search and how to deal with any adverse entries revealed, see Practice Note: Pre-completion searches. Search When is it necessary? Timing Priority period Official search with priority Use form OS1 for an official search with priority of the whole of a registered title and form OS2 for an official search with priority of part of a registered title On a registrable disposition of a registered estate (or estate pending first registration) for valuable consideration At least five working days before completion 30 working days provided:• the search is made correctly• the disposition is completed and the application to register the disposition is entered on the day list before the...

Website terms and conditions for supply of services to consumers—checklist

Website terms and conditions for supply of services to consumers—checklist This Checklist sets out the essential points that should be considered when drafting or updating online terms and conditions for the supply of services to consumers. It should be used where a lawyer wants to make sure that such terms and conditions comply with consumer protection legislation (and any guidance issued under it). This Checklist should be used in addition to the following: • Key consumer information requirements—checklist • Information requirements under the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013—checklist • Consumer cancellation rights under the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013—Services—Flowchart • General information to be disclosed by e-commerce websites—checklist • Drafting consumer contracts—checklist For a discussion on the key legal issues to consider when designing and developing a business-to-consumer (B2C) e-commerce website for trading with consumers, see Practice Note: Business to consumer e-commerce—legal issues. Introduction Businesses that transact with consumers are subject to more onerous legislative requirements and, consequently, need to pay close...

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Forming a limited liability partnership—flowchart

Forming a limited liability partnership—flowchart This Flowchart considers the conditions that need to be met

View the related practice notes about Limited liability partnership

Forming a limited liability partnership

A limited liability partnership (LLP) is a body corporate which is formed under the Limited Liability Partnerships Act 2000 (LLPA 2000). The majority of law applicable to LLPs is actually modified company law rather than partnership law (see Practice Note: The nature of a limited liability partnership and its legal framework). The requirements for incorporation are set out in the LLPA 2000 and the Companies Act 2006 (CA 2006), as modified by the Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009 (LLP (Application of CA 2006) Regs 2009). The process for incorporating an LLP is very similar to the procedure for company incorporation.How to incorporate an LLPThere are three requirements for the incorporation of an LLP:•two or more persons associated for carrying on a lawful business with a view to profit must have subscribed their names to an incorporation document•the incorporation document must have been delivered to Companies House, and•there must also be delivered to Companies House a statement that the first requirement (ie to have two or...

Limited liability partnership agreements

It will almost always be advisable for the partners of a limited liability partnership (LLP) to enter into a limited liability partnership agreement in order to avoid the application of any inappropriate default provisions in the Limited Liability Partnerships Act 2000 (LLPA 2000) or to supplement the statutory provisions where they are insufficient.Default provisionsThe Limited Liability Partnerships Regulations 2001 (LLPR 2001) set out default provisions that will apply to the operation of an LLP in the absence of any specific agreement to the contrary. These are as follows:•all members share equally in the capital and profits of the LLP (losses are not included in this provision as an LLP, as a body corporate separate from its members, bears its own losses)•the LLP must indemnify any member for payments and liabilities incurred in the ordinary and proper conduct of the LLP’s business or in or about anything necessarily done for the preservation of the LLP’s business or property•every member may take part in the management of the LLP’s business•no member is...

View the related precedents about Limited liability partnership

Privacy notice for trustees—UK GDPR compliant

Privacy notice for trustees—UK GDPR compliant We take your privacy very seriously. Please read this privacy notice carefully as it contains important information on who we are and how and why we collect, store, use and share your personal data. It also explains your rights in relation to your personal data and how to contact us or supervisory authorities in the event you have a complaint. We collect, use and are responsible for certain personal data about you. When we do so we are subject to the UK General Data Protection Regulation (UK GDPR). [We are also subject to the EU General Data Protection Regulation (EU GDPR) in relation to individuals [and our wider operations ]in the European Economic Area (EEA)]. Key terms It would be helpful to start by explaining some key terms used in this notice: We, us, our [Insert full legal name of all the trustees or, if the trustees are a professional firm, insert the firm’s name (if acting...

Deed of retirement from partnership

Deed of retirement from partnership This Deed of retirement is made on [insert day and month] 20[insert year] Parties 1 [Insert name of retiring partner] of [insert address] (Retiring Partner), and 2 The persons whose names and addresses are set out in Schedule 1 (Continuing Partners). Recitals: (A) The Partners have been carrying on business in partnership under the terms of the Partnership Agreement. (B) The Retiring Partner is to retire from the Partnership on the Retirement Date. (C) The provisions of this deed shall apply to the retirement of the Retiring Partner in place of any provisions of the Partnership Act 1890 and the Partnership Agreement that would otherwise apply to the retirement of the Retiring Partner. The parties agree: 1 Definitions and interpretation 1.1 In this deed: Accountants • means [insert name of Partnership's accountants] or such other firm of accountants as may be appointed to replace them in accordance with the provisions of the Partnership Agreement; Accounting Date • means [insert Partnership accounting date]; Accounting...

View the related q&as about Limited liability partnership

Is it possible to take security on the hull/fittings of a house boat?

Is it possible to take security on the hull/fittings of a house boat? Nature of the houseboat The type of security that may be taken will depend on the nature of the particular houseboat (ie whether it is considered a ship or a chattel). Under section 313(1) of the Merchant Shipping Act 1995, the definition of a ship ‘includes every description of vessel used in navigation’. It is not clear from the information received whether this applies to the particular houseboat. In considering the position, you may also find the cases of Environment Agency v Gibbs and Chelsea Yacht and Boat Co Ltd v Pope helpful, as these look at the definition of a vessel and the status of houseboats. Security if houseboat considered a ship/vessel The UK Ship Register is maintained by the Maritime and Coastguard Agency (MCA) and is divided into four parts: • Part I—merchant vessels and pleasure vessels or yachts over 24 metres in length • Part II—fishing vessels (either by...

Can a local authority (district council) be appointed as a company director?

Can a local authority (district council) be appointed as a company director? Company law perspective The Companies Act 2006 (CA 2006) distinguishes between two types of legal entity that might serve as a company director, namely an 'individual' (CA 2006, s 163) or 'a body corporate, or a firm that is a legal person under the law by which it is governed' (CA 2006, s 164), and requires that certain specific particulars of each type need to be recorded. Examples of the sort of entity envisaged by CA 2006, s 164 include another company or limited liability partnership, whereas a general partnership would not qualify as it is not a legal entity in its own right. Therefore, if a specific local authority is treated in law as either type of legal entity, then it would appear that it can be a company director in its own name (as opposed to simply putting forward one of its employees to serve as a director on an associated or arms...

View the related News about Limited liability partnership

Irish court says US Co’s Irish units not owed treaty benefits

Law360, London: Three Irish subsidiaries cannot benefit from the US-Ireland tax treaty's provision of equally favorable treatment between US and Irish residents because their ultimate parent entity, a Delaware financial firm, is disregarded for US tax purposes, Ireland's Court of Appeal said in a judgment.

Restructuring & Insolvency weekly highlights—15 May 2025

This week's edition of Restructuring & Insolvency weekly highlights includes: the launch of a consultation on a new practice statement for schemes of arrangement and restructuring plans, the judgment of the Court of Appeal concluding that administrators are unable to obtain an order under section 234 of the Insolvency Act 1986 for delivery of possession of a property over which receivers have been appointed by the mortgagee (Carvill-Biggs v Reading), analysis of the Court of Appeal’s decision relating to a remuneration application by administrators (Frost v The Good Box Co Labs Ltd), plus a round-up of other news and cases for restructuring and insolvency professionals.