A comprehensive members’ agreement for a limited liability partnership that replaces the statutory default rules on profits, management, new and departing members and winding up.
Company secretarial
LLP Members’ Agreement
About this document
The agreement between a limited liability partnership (LLP) and its members. An LLP has its own legal personality and its members’ liability is limited, but unless the members agree otherwise the default rules in the Limited Liability Partnerships Regulations 2001 apply – including equal profit shares and no power to expel a member. This agreement sets out the members’ own rules.
The document is laid out in the sections below. Each one comes with a plain-English guidance note explaining what it does and what to change.
Our templates are professionally structured starting points for UK businesses, not legal advice. For anything complex, unusual or high-value, have your final version checked by a solicitor.
Included in the pack
Company secretarial
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Editable Microsoft Word files
Guidance notes in every document
Written for UK businesses
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