Limited partnerships

Practical and strategic resources are essential for understanding, assessing, and effectively mitigating the corporate risks introduced by ECCTA.

The ECCTA introduces new transparency requirements for limited partnerships (LPs) registered in England and Scotland including:

  • requiring general partners that are legal entities to specify a named registered officer whose identity has been verified;
  • increasing the number of administrative matters to be notified to the Registrar;
  • requiring general partners to submit an annual confirmation statement;
  • requiring LPs to have a registered office in the UK (at an appropriate address) along with a registered email address;
  • new powers for the Registrar to deregister LPs in certain circumstances; and
  • a requirement for general partners to prepare accounts and make available to HMRC.

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.