Latest News
Tue 15th December 2009
New procedure for forming limited partnerships takes effect
The new procedure for forming limited partnerships came into effect on 1st October.
All new limited partnerships have to include either Limited Partnership or LP at the end of their names.
Applications for registering a limited partnership must specify the firm's name and be signed or otherwise authenticated by or on behalf of each partner. The applications must also specify the name of each limited and general partner, the general nature of the business and the address of the principal place of business.
Information about the amount of capital contributed by each partner and how it is paid, whether in cash or some other form, must also be given. It is also necessary to announce the term –if applicable – for which the partnership is being entered into, beginning at the date of registration.
Applications have to be made to the registrar for the area of the UK in which the partnership's principal place of business is to be located.
Once registered, Companies House will issue a certificate to provide proof of the partnership's formation.
For more information or advice relating to Limited Partnerships, please contact Garry Dannan, John Thelwall or Kiall Bagnell on 01234 400000 or email gdannan@pwhmllp.com; jthelwall@pwhmllp.com or kbagnell@pwhmllp.com
Print