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The Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009

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The Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009, Paragraph 3 is up to date with all changes known to be in force on or before 25 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

MembersU.K.

This section has no associated Explanatory Memorandum

3.  After section 4 of the Limited Liability Partnerships Act 2000 (members) insert—

4A.    Minimum membership for carrying on business

(1) This section applies where a limited liability partnership carries on business without having at least two members, and does so for more than 6 months.

(2) A person who, for the whole or any part of the period that it so carries on business after those 6 months—

(a)is a member of the limited liability partnership, and

(b)knows that it is carrying on business with only one member,

is liable (jointly and severally with the limited liability partnership) for the payment of the limited liability partnership's debts contracted during the period or, as the case may be, that part of it..

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