Limited Liability Partnerships Administration & Management
Introduction
This following link will direct you to a booklet which can be used as a guide to administering and managing a limited liability partnership. It covers limited liability partnerships formed and registered in England, Wales and Scotland.
The booklet:
- explains some of the main responsibilities of a limited liability partnership’s members and designated members; and
- deals with the key filing requirements as they relate to Companies House.
You will find the relevant law in the Limited Liability Partnerships Act 2000, and in the Limited Liability Partnerships Regulations 2001 which apply parts of the Companies Act 1985 (as amended in 1989 and later) to limited liability partnerships.
If after reading this booklet, you are in doubt about your responsibilities, you should seek professional advice from a solicitor or accountant.
The booklet is a large document (may take up to 50 seconds to download on a 56k modem), however it is very informative and will answer most – if not all – of your queries concerning administration and management in a Limited Liability Partnership.
The Contents of the booklet are displayed below:
- 1. Members’ and designated members’ responsibilities
- 1.1 Membership of a limited liability partnership
- 1.2 Quality of documents
- 2. Annual return
- 2.1 Completing an annual return
- 3. Accounts and accounting reference dates
- 3.1 Accounting reference dates
- 3.2 Preparing and filing accounts
- 3.3 Small and medium-sized limited liability partnership exemptions
- 3.4 Audit exemption for small limited liability partnerships
- 3.5 Audit exemption for dormant limited liability partnerships
- 4. Auditors
- 4.1 Appointment of auditors
- 4.2 Removal of auditors
- 5. Late filing penalties
- 5.1 Late filing penalties
- 5.2 How to avoid late filing penalties
- 5.3 Once a late filing penalty has been imposed
- 6. Charges and mortgages (England and Wales)
- 6.1 Registration of mortgages and charges
- 6.2 Satisfaction of mortgages and charges
- 7. Charges (Scotland)
- 7.1 Registration of charges in Scotland
- 7.2 Satisfaction of charges in Scotland
- 8. Further information
This booklet is a guide only and should be read with the relevant legislation.
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