This guide offers a detailed analysis of limited liability partnerships, highlighting formation, ongoing legal and reporting requirements, tax status and winding up procedures. The commentary is accompanied by the full text of the Limited Liability Partnerships Act 2000 and Limited Liability Partnerships Regulations 2001, a specimen limited liability partnership agreement, sample Companies House forms and the text of two Companies House Guidance Booklets.

• Practical and accessible.
• Includes a specimen partnership agreement.
• Includes the full text of the Act and associated Regulations.
• Keith Walmsley is an acknowledged expert on company law.

Bibliography

Paperback •  ISBN: 9781860721366 •   200 pages • Published April 2001 • £31.95

Contents
Abbreviations and Citations.
Commentary
Introduction
1.Background to the Act
2. Comparison of LLPs with companies and partnerships
3. Taxation issues
Forming an LLP
4. The need for an LLP agreement
5. Conversion of an existing partnership into an LLP
6. Formation procedure
7. Members
Ongoing requirements
8. Company law requirements
9. Accounts and auditors
10. Charges
Winding up/ insolvency
11. Winding up/insolvency
LIMITED LIABILITY PARTNERSHIPS ACT 2000
LIMITED LIABILITY PARTNERSHIPS REGULATIONS 2001
COMPANY FORMS
Complete listing
Specimen forms
SPECIMEN LLP AGREEMENT
INLAND REVENUE GUIDANCE ON TAXATION
Article from the Inland Revenue Tax Bulletin, December 2000
Inland Revenue Budget Note 14: Limited Liability Partnerships, March 2001
COMPANIES HOUSE GUIDANCE BOOKLETS
GBLLP1: Formation and Names
GBLLP2: Partnership Administration and Management

About the author
Keith Walmsley: Keith Walmsley, LL.B, Barrister, FCIS, is one of the UK’s best-known writers and commentators on company law and corporate governance. Among his many publications in this field, he edits the official ICSA information service, Company Secretarial Practice. He is the legal advisor to the London Law Agency Ltd.