MEMBERS A designated member has more responsibility i.e such as; ensuring accounts and annual returns are filed, appointing an auditor, notifying companies house of any membership changes etc The minimum requirement for designated members is 2.
Name of LLP Names of members on Incorporation Nature of the business of the LLP Minimum and Maximum number of members Date of commencement of the Agreement Registered office and trading address of the LLP Reference to and procedure in respect of; appointment, removal, retirement of members and designated members Capital contributions and related interest and method of alteration Division of profits and losses to members and method for drawings Outline of the duties of members Restrictions on members in respect of competition and confidentiality Detailed provisions for outgoing members and restrictions in respect of anti competitive behaviour Insurance and pensions Notice provisions to members Procedure at meetings Votes of members
AGREEMENT
The Agreement is not a mandatory requirement. It is, however, a practical necessity to ensure that members have clear guidance in respect of the qualifications for new members, exit provisions as well as profit participation and other important matters.
MEMBERS
Name and Address of Member
The minimum number of members is two. Do you require that this be increased?
Nature of Business
In brief explain the business in which the LLP will be engaged.
Date of Agreement
Check the box if the Agreement will be effective on the date of incorporation of the LLP
Offices
The registered office of the LLP will be at:
Capital and Voting Rights
Contribution / Voting Rights:
Name of Member:
Name of Member
Profits and Losses The net profits capital gains and losses of the LLP shall be divided between the members in the following proportions:
Proportion:
Contribution on winding up
Please complete the relevant option
In the event of the LLP being wound up the present members and any past member who has ceased to be a member within 12 months of the date of commencement of the winding up undertakes to contribute the following amount to the assets of the LLP
Other, please detail: