This package of documents includes an agreement and the necessary statutory forms to convert an existing, traditional business partnership to an LLP:
- Conversion to Limited Liability Partnership Agreement
- statutory form LL IN01 and accompanying notes
As with setting up a new LLP, a partnership converting to an LLP must be registered with Companies House using the LL IN01 form (either online or using paper). The existing rules governing the partnership need to be redrafted as an LLP Agreement: this is what the Conversion to LLP Agreement achieves.
This LLP Conversion Agreement template assumes that you are converting from an existing partnership and that the main terms of the existing partnership are to be retained The template includes clauses covering:
- existing partnership
- existing provisions/arrangements
- members duties
- winding up.