The partnership agreement is the cornerstone of an LLP. It is a legally binding contract between members. It spells out the rights, duties, responsibilities, and liabilities of all the partners, including how to add a new partner or remove the existing ones.
You can draft an LLP agreement yourself or hire a solicitor to help you.
More importantly, the designated members are required to inform the Companies House of any changes or updates in the company. You can do it by using Companies House’s online service.
Alternatively, you can download and fill out either a member’s or corporate member’s change of details form and send it by post.
Plus, if any designated members are dissolved, it is vital to replace them promptly and inform Companies House.
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