Q&As

What steps are required in order to transfer a deceased’s share in a limited liability partnership to their heirs?

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Published on LexisPSL on 01/05/2019

The following Private Client Q&A provides comprehensive and up to date legal information covering:

  • What steps are required in order to transfer a deceased’s share in a limited liability partnership to their heirs?
  • Termination of membership
  • New members

Termination of membership

A person will cease to be a member of a limited liability partnership (LLP) by death, dissolution or otherwise in accordance with an agreement between the members.

Upon termination of appointment of a member, notice must be filed with Companies House in the same way as companies. An LLP must ensure that where a person becomes or ceases to be a member or designated member, or if there are any changes in a member's registered particulars, notice must be given to Companies House within 14 days (section 9 of the Limited Liability Partnerships Act 2000 (LLPA 2000)).

The notice should be made on a Companies House Form LL TM01 in relation to the te

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