{"id":176482,"date":"2022-10-10T02:14:49","date_gmt":"2022-10-10T01:14:49","guid":{"rendered":"https:\/\/legalvision.co.uk\/?p=176482"},"modified":"2025-07-02T00:38:50","modified_gmt":"2025-07-01T23:38:50","slug":"general-limited-liability-partnership","status":"publish","type":"post","link":"https:\/\/legalvision.co.uk\/corporations\/general-limited-liability-partnership\/","title":{"rendered":"How Do I Convert a General Partnership to a Limited Liability Partnership in England?"},"content":{"rendered":"\n<p>As a business owner, you may wish to convert your <a href=\"https:\/\/legalvision.co.uk\/corporations\/choosing-between-partnership-and-llp\/\">general partnership into a limited liability partnership<\/a> (LLP). There are many reasons why you may want to change your partnership. One of the most common reasons is that your business\u2019 partners benefit from limited liability, which they do not have under a general partnership. If you wish to convert your existing partnership to a limited liability partnership, this article provides an overview of the conversion process.\u00a0It will also explain some essential legal concepts your business may encounter through the transfer.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Creating a Limited Liability Partnership<\/span><\/h2>\n\n\n\n<div  class=\"box box--icon box--info\">\n    <p>The law uses the word members to describe the partners in an LLP, but in this article, we\u00a0will use the term partners because that is the term you are probably most familiar with.<\/p>\n<\/div>\n\n\n\n<p><span style=\"font-weight: 400\">To create an LLP, two or more individuals must either:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">be actively engaged in commercial activity to make a profit; or&nbsp;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">intend to do so.&nbsp;<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">You can create an LLP where one of the partners is another incorporated body, such as a company or a separate LLP.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">If you and your partners are already running a general partnership, you will automatically be eligible to incorporate your partnership into an LLP.&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">The LLP Agreement&nbsp;<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">If you and your partners <\/span><a href=\"https:\/\/legalvision.co.uk\/business-structures\/general-vs-limited-partnership\/\"><span style=\"font-weight: 400\">already manage a general partnership<\/span><\/a><span style=\"font-weight: 400\">, you are likely familiar with the purpose and importance of the partnership agreement. As with general partnerships, the law is quite flexible regarding the terms that govern an LLP partnership.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">In most cases, you will be able to maintain the effect of any pre-existing partnership agreement after your LLP comes into existence.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">However, you will need to create a new document that contains a provision binding the LLP and the partners to the terms of the agreement when the LLP is officially incorporated. In practice, you and your partners should instruct a solicitor to draft the agreement before the paperwork is filed. Importantly, re-evaluate all the terms to ensure it suits the needs of the partnership.&nbsp;<\/span><\/p>\n\n\n\n\n<a href=\"#content-next\"\n   class=\"block p-4 mt-10 text-xl font-bold text-center text-white no-underline bg-gray-800 rounded-t-xl\">\n    Continue reading this article below the form\n    <i class=\"text-xl fa-regular fa-arrow-down\"><\/i>\n<\/a>\n<div class=\"px-6 pt-10 pb-12 mb-10 text-center bg-gray-100 rounded-b-xl sm:px-12 test\">\n    <div class=\"mb-8 text-2xl font-bold text-orange\">\n        Need legal advice?\n        <br>\n        <span class=\"text-lg not-prose\">\n                            Call <a href=\"tel:+448081968584\" class=\"not-prose\">0808 196 8584<\/a> for urgent assistance.\n                <br>\n                Otherwise, complete this form, and we will contact you within one business day.\n                    <\/span>\n    <\/div>\n\n    \n\n<div class=\"not-prose flex justify-center text-left gform_input_bg_white    \">\n    <script>\nvar 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If you have any experience <\/span><a href=\"https:\/\/legalvision.co.uk\/corporations\/incorporate-a-company-england-wales\/\"><span style=\"font-weight: 400\">incorporating a company<\/span><\/a><span style=\"font-weight: 400\">, the process is quite similar.\u00a0<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">You can file Form LL IN01 either:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">electronically, through Companies House-recognised third-party software suppliers; or&nbsp;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">through the post, using a paper filing.&nbsp;<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">The electronic filing system is, however, faster and cheaper.\u00a0<\/span><\/p>\n\n\n\n    <div class=\"my-7 lg:my-10 border-y-2 border-gray-100 py-7 lg:py-10 flex flex-col sm:flex-row items-start gap-10\">\n                    <img decoding=\"async\" class=\"w-52 mx-auto my-0! rounded\" src=\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/09\/06164254\/uk-startup-manual-290x410-1.jpg\" alt=\"Front page of publication\"\n                 loading=\"lazy\" width=\"208\" height=\"298\">\n                <section>\n            <div class=\"text-2xl font-bold\">UK Startup Manual<\/div>\n            <div class=\"body-text\">\n                <p>LegalVision&#8217;s Startup Manual is essential reading material for any startup founder looking to launch and grow a successful startup.<\/p>\n            <\/div>\n            \n\n<a href=\"https:\/\/go.legalvision.co.uk\/uk-startup-manual.html\" class=\" block px-5 py-3.5 max-w-fit bg-orange button__hover transition rounded text-white font-bold text-lg no-underline uppercase leading-tight text-center\" target=\"\" rel=\"\">Download Now<\/a>        <\/section>\n    <\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Form LL IN01&nbsp;<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">Form LL IN01 will ask you to supply certain information, including:<\/span><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><p><b>The LLP\u2019s name<\/b><\/p><\/td><td><p><span style=\"font-weight: 400\">There are various rules restricting the names for an LLP, such as:<\/span><span style=\"background-color: rgba(51, 51, 51, 0.2); font-family: inherit; font-size: inherit; font-weight: inherit;\"> <\/span><\/p><ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">nothing vulgar or offensive;\u00a0not the same as a pre-existing LLP or company; andnothing to hide the fact that it is an LLP, such as through the use of \u201cLimited\u201d or Ltd.\u00a0<\/span><\/li><\/ul><\/td><\/tr><tr><td><b style=\"font-size: revert; font-family: inherit;\">The location of the LLP\u2019s registered address<\/b> <\/td><td>This is where any official Companies House correspondence will be sent and is\u00a0public information.\u00a0<\/td><\/tr><tr><td><p><b>Identifying \u201cDesignated Members\u201d<\/b><span style=\"font-family: inherit; font-size: inherit; font-weight: inherit;\"> <\/span><\/p><\/td><td>The law requires that at least two partners in an LLP nominate themselves as \u201cdesignated members\u201d.<br><br>Designated members have particular administrative responsibilities, such as requirements to file annual accounts with Companies House. Also, they do not have any special rights in the LLP apart from whatever the terms of the partnership agreement specify.\u00a0 <\/td><\/tr><tr><td><b style=\"font-size: revert; font-family: inherit;\">Information about the partners\u00a0<\/b><\/td><td>Each person you intend to be a partner of the LLP must list information, including their:  <ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">name;country of residence;\u00a0date of birth;\u00a0if they consent to act as a designated member; andresidential address.\u00a0<\/span><\/li><\/ul><\/td><\/tr><tr><td><b style=\"font-size: revert; font-family: inherit;\">Information about persons that will exercise significant control over the LLP (PSC Registry)<\/b> <\/td><td>The law requires companies and LLPs to create a register listing each individual that exercised considerable control over the company. These individuals are called persons with important control (PSC) and are:  <ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">a partner in the LLP;\u00a0entitled to 25% or more of the LLP\u2019s assets if the LLP is wound up;able to exercise 25% of the voting rights in the LLP in their capacity as a member of the LLP); andable to appoint or remove a majority of individuals involved in the management of the LLP.\u00a0\u00a0<\/span><\/li><\/ul><\/td><\/tr><tr><td><b style=\"font-size: revert; font-family: inherit;\">Consent to supply certain information to the public<\/b> <\/td><td>By default, Companies House will publish certain details related to each partner on the Companies House directory and website.\u00a0 <br> <p><span style=\"font-weight: 400\">In limited circumstances, you can apply for an exemption.\u00a0<\/span><\/p><\/td><\/tr><tr><td><p><b>The partners&#8217; consent to act for the LLP<\/b><span style=\"font-family: inherit; font-size: inherit; font-weight: inherit;\"> <\/span><\/p><\/td><td>You will tick a box saying you agree to act as a member of the LLP.\u00a0 <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Post-Incorporation Formalities&nbsp;<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">&nbsp;There are various formalities to follow after your LLP comes into existence. These include:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">transferring legal ownership in partnership property to the LLP;&nbsp;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">adopting an accounting period;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">appointing solicitors and accountants;&nbsp;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">obtaining insurance;&nbsp;<\/span><\/li><li style=\"font-weight: 400\"><a href=\"https:\/\/www.gov.uk\/guidance\/filing-your-companies-house-information-online\"><span style=\"font-weight: 400\">filing additional documents with Companies House<\/span><\/a><span style=\"font-weight: 400\"> like the registry of members; and&nbsp;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">entering into business contracts.<\/span><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Privacy of the LLP Agreement<\/span><\/h3>\n\n\n\n<p><span style=\"font-weight: 400\">Because the LLP is an incorporated entity similar to a company, you may expect that you will have to make the LLP agreement available to the public as a company does with their articles of association. However, the law treats this document as a private document and you, therefore, have no obligation to publicise it.&nbsp;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Contracts with Third Parties&nbsp;<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">As a general rule of law, one party to a contract cannot force the other party to transfer any obligation or benefit to a third party. As a result, if your general partnership has any contracts with third parties, such as trade suppliers or bank loans, these contracts will still exist because between the third parties and the partners under the general partnership. Therefore, each of the partners will be personally liable as they were under the general partnership.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">The exception is if you agree with the third party to amend the contract. They are under no obligation to do so, and you may have to renegotiate certain terms in their favour to encourage them to agree.\u00a0<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Key Takeaways&nbsp;<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">The process for converting your general partnership to an LLP is fairly straightforward. You file a single form with Companies House, which will ask for a variety of information, such as who the PSC are and who the designated members are.&nbsp;If there are no objections, your LLP will come into existence. There are also various formalities you and your partners will have to carry out on either side of filing the document with Companies House, which will depend on the particulars of your partnership.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">If you need help converting your general partnership to a<\/span> l<span style=\"font-weight: 400\">imited <\/span>l<span style=\"font-weight: 400\">iability <\/span>p<span style=\"font-weight: 400\">artnership,<\/span> our <a href=\"https:\/\/legalvision.co.uk\/contract-lawyers-lp\/\"><span style=\"font-weight: 400\">experienced commercial lawyers<\/span><\/a><span style=\"font-weight: 400\"> can assist as part of our LegalVision membership. For a low monthly fee, you will have unlimited access to lawyers to answer your questions and draft and review your documents. Call <\/span>us on <a href=\"tel:+448081968584\" class=\"AVANSERnumber dynamic-number\">0808 196 8584<\/a> or v<span style=\"font-weight: 400\">isit our <\/span><a href=\"https:\/\/legalvision.co.uk\/membership\"><span style=\"font-weight: 400\">membership page<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Frequently Asked Questions&nbsp;<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1665074062325\"><strong class=\"schema-faq-question\"><strong>How do I convert a general partnership into a limited liability partnership (LLP)?<\/strong><\/strong> <p class=\"schema-faq-answer\">The process of creating an LLP for your general partnership to trade through is quite straightforward. You just need to file Form LL I0N1 with Companies House.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1665074110327\"><strong class=\"schema-faq-question\"><strong>What is a designated member?<\/strong><\/strong> <p class=\"schema-faq-answer\">A designated member is a partner of an LLP who is responsible for particular duties such as filing accounts. You are legally required to have at least two in your LLP.<\/p> <\/div> <\/div>\n<div class=\"not-prose m-feedback-prompt\">\n    <!-- Thumbs up\/down bar -->\n    <div class=\"m-feedback-prompt__main\">\n        <div class=\"m-feedback-prompt__title\">Was this article helpful?<\/div>\n        <div>\n            <!--span class=\"m-feedback-prompt__button--text\">Thanks!<\/span-->\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--yes\"\n                    data-analytics-link=\"feedback-prompt:yes\" aria-label=\"Agree\">\n                <i class=\"fa-regular fa-thumbs-up fa-3x\"><\/i>\n            <\/button>\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--no\"\n                    data-analytics-link=\"feedback-prompt:no\" aria-label=\"Disagree\">\n                <i class=\"fa-regular fa-thumbs-down fa-3x\"><\/i>\n            <\/button>\n        <\/div>\n    <\/div>\n\n    <!-- Feedback form -->\n    <div class=\"m-feedback-prompt__form\">\n        <div class=\"m-feedback-prompt__form--thanks \">\n            <div>Thanks!<\/div>\n            <p>\n                We appreciate your feedback \u2013 your submission has been successfully received.            <\/p>\n        <\/div>\n        <form id=\"contact-form\" class=\"m-feedback-prompt__form--form\" action=\"\" method=\"post\">\n            <input type=\"hidden\" id=\"authenticity_token\" name=\"authenticity_token\" value=\"9eb4f72322\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/api\/wp\/v2\/posts\/176482\" \/>            <input value=\"https:\/\/legalvision.co.uk\/corporations\/general-limited-liability-partnership\/\" type=\"hidden\" name=\"currenturl\"\n                   id=\"currenturl\">\n            <input value=\"How Do I Convert a General Partnership to a Limited Liability Partnership in England?\" type=\"hidden\" name=\"currenttitle\"\n                   id=\"currenttitle\">\n            <label>\n                <!-- display on thumbs-up -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--yes\">\n                    Can you tell us <span class=\"font-semibold\">why<\/span> you found it helpful?\n                <\/span>\n\n                <!-- display on thumbs-down -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--no text-lg\">\n                    How can we better improve this article?\n                <\/span>\n                <textarea name=\"feedbackmessage\" id=\"feedbackmessage\" required><\/textarea>\n            <\/label>\n\n            <div class=\"m-feedback-prompt__form--error\" id=\"form-submit-error\"><\/div>\n            <button id=\"submit-contact-form-button\" type=\"submit\" name=\"commit\" class=\"m-feedback-prompt__form--submit\"\n                    data-analytics-link=\"feedback-prompt:submit\">\n                Submit            <\/button>\n        <\/form>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As a business owner, you may wish to convert your general partnership into a limited liability partnership (LLP). There are many reasons why you may want to change your partnership. One of the most common reasons is that your business\u2019 partners benefit from limited liability, which they do not have under a general partnership. If<a href=\"https:\/\/legalvision.co.uk\/corporations\/general-limited-liability-partnership\/\">Continue reading <span class=\"sr-only\">&#8220;How Do I Convert a General Partnership to a Limited Liability Partnership in England?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":13522,"featured_media":3180,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"2174,1758,175446,171802,2755,1191","_relevanssi_noindex_reason":"","editor_notices":[],"footnotes":""},"categories":[28],"tags":[20,139,507,967],"class_list":["post-176482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporations","tag-small-business","tag-limited-liability-partnership","tag-general-partnership","tag-limited-partnership"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>General to Limited Liability Partnership | LegalVision UK<\/title>\n<meta name=\"description\" content=\"It is useful to understand how to convert a general partnership to a limited liability partnership. 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