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

The Limited Liability Partnerships (Application of Companies Act 2006) Regulations 2009 clarify how the Companies Act 2006 applies to Limited Liability Partnerships (LLPs). Essentially, they ensure that LLPs follow similar legal standards as companies regarding things like governance, reporting, and responsibilities of members and managers. This regulation helps maintain transparency, accountability, and consistency in how LLPs operate within the legal framework, providing clarity for members, creditors, and regulators about their rights and obligations under UK law.