In a Limited Liability Partnership (LLP), all participants have limited liability for the debts and obligations of the enterprise only up to the amount predetermined between the partners.
In an LLP, partners and managers can be both individuals and legal entities of any residency.
An LLP is suitable for clients who are unable to form a LTD company due to their occupation, such as people who are engaged in intellectual work.
You should make an LLP agreement with any other members as part of setting up your LLP. This sets out how the LLP will be run, including: