What is a Partnership Agreement?

To form a LLP through Companies House, you must have a minimum of two members and a UK registered office address in the same jurisdiction as incorporation. This must be a physical address where official mail can be delivered and legal notices served. 

HMRC must be informed of a LLP’s existence and an annual partnership tax return is required. One member is nominated to take responsibility for these requirements. A LLP structure cannot be used for non-profit purposes, as it is a requirement that it is formed with the intention of making profit.