235. Definition of the term 'limited liability partnership'.

6.     Limited Liability Partnerships

(1)     Incorporation and Membership

235.     Definition of the term 'limited liability partnership'.

A limited liability partnership (or 'LLP')1 is a body corporate, with legal personality separate from that of its members2, which is formed by being incorporated under the Limited Liability Partnerships Act 20003. A limited liability partnership has unlimited capacity4.