ÀÏ˾»úÎçÒ¹¸£Àû

Limited Liability Partnerships Act 2000 (2000 c 12)

The Limited Liability Partnerships Act 2000 (2000 c 12) introduced the legal concept of Limited Liability Partnerships (LLPs) in the UK. This Act allows businesses to benefit from the organisational flexibility and tax status of a partnership, while granting members the protection of limited liability, similar to that enjoyed by company shareholders. Key highlights include the requirement for at least two designated members, the necessity of registration at Companies House, and adherence to specific accounting and reporting standards. This legislation was enacted to enhance business efficiency, reduce risk for business owners, and encourage entrepreneurial ventures within a clear legal framework.

Quick and comprehensive access to the most accurate, up-to-date legislation.

ÀÏ˾»úÎçÒ¹¸£Àû traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

TAKE A FREE TRIAL

Limited Liability Partnerships Act 2000 (2000 c 12)

The Limited Liability Partnerships Act 2000 (2000 c 12) introduced the legal concept of Limited Liability Partnerships (LLPs) in the UK. This Act allows businesses to benefit from the organisational flexibility and tax status of a partnership, while granting members the protection of limited liability, similar to that enjoyed by company shareholders. Key highlights include the requirement for at least two designated members, the necessity of registration at Companies House, and adherence to specific accounting and reporting standards. This legislation was enacted to enhance business efficiency, reduce risk for business owners, and encourage entrepreneurial ventures within a clear legal framework.

Quick and comprehensive access to the most accurate, up-to-date legislation.

ÀÏ˾»úÎçÒ¹¸£Àû traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

TAKE A FREE TRIAL

Limited Liability Partnerships Act 2000 (2000 c 12)

Related legal guidance

Related tax documents

Popular documents

LEXISNEXIS

Specific performance of property agreements

If a party to a property agreement fails to comply with its obligations, the other party may wish to apply for an order for specific performance. Specific performance is an equitable, discretionary remedy which, if granted, compels a party to perform a contractual obligation. This Practice Note

LEXISNEXIS

HCPC—Main hearing of the Health and Care Professions Tribunal

HCPC—Main hearing of the Health and Care Professions TribunalCoronavirus (COVID-19): This Practice Note contains guidance on subjects impacted by the government’s response to the coronavirus outbreak. In particular, the Health and Care Professions Council (HCPC) (Coronavirus) (Amendment) Rules Order

LEXISNEXIS

Financial Conduct Authority—Principles for Businesses (PRIN)

Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the FCA’s High Level Standards set out in the FCA’s Handbook. The Principles are a general

LEXISNEXIS

Facilitation payments under the Bribery Act 2010

Facilitation payments under the Bribery Act 2010Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small amounts of money paid to public officials or others as a means of ensuring that they perform their duty,