Limited Liability Partnership Registration of Charges (Scotland)

Statutory Matters January 26th, 2009

A charge is security for the payment of a debt or other obligation that does not pass ‘property’ or any right to possession to the person to whom the charge is given. Read More -->

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Appointment and Removal of Auditors (LLP)

Statutory Matters January 25th, 2009

An auditor is a person who makes an independent report to a limited liability partnership’s members as to whether its annual accounts have been properly prepared in accordance with the Act. The report must also say if a limited liability partnership’s accounts give a true and fair view of its state of affairs and profit and loss for the year. Most limited liability partnerships are required to have their accounts audited - see question below. Read More -->

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Limited Liability Partnership Registration of Mortgages and Charges (England and Wales)

Statutory Matters January 25th, 2009

A mortgage is security for the payment of a debt or other obligation that passes ‘property’ but no right to possession to the person to whom the mortgage is given. Read More -->

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Very Small Limited Liability Partnerships Audit Exemptions

Statutory Matters January 23rd, 2009

There is total exemption from audit for certain small limited liability partnerships if they are eligible and wish to take advantage of it. Further details about how to claim exemption are in this section. Read More -->

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Small and Medium-sized Limited Liability Partnerships Audit Exemptions

Statutory Matters January 23rd, 2009

Certain small or medium-sized limited liability partnerships may prepare accounts for their members under the special provisions of sections 246 and 246A of the Companies Act 1985 (as applied to limited liability partnerships by regulation 3 of the Limited Liability Partnerships Regulations 2001). In addition, they may prepare and deliver abbreviated accounts to the Registrar. Read More -->

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Limited Liability Partnership Administration Orders in Scotland

Statutory Matters January 21st, 2009

An administration order is a court order made to appoint an administrator to manage the limited liability partnership’s affairs. Read More -->

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General Insolvency Information for Limited Liability Partnerships in Scotland

Statutory Matters January 21st, 2009

This information is a guide to winding up, your limited liability partnership or removing it from the register. The information summarises some of the rules that apply to voluntary arrangements, administration orders, receivers, and voluntary and compulsory liquidations. It also covers how and why limited liability partnerships are struck off and dissolved. Read More -->

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Company Restoration to the Register in Scotland

Statutory Matters January 19th, 2009

The Registrar cannot restore a company to the register without a Court Order. When the Registrar receives an office copy of the Court Order for restoration, a company is regarded as having continued in existence as if it had not been struck off and dissolved. Read More -->

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Liquidation and Insolvency (Scotland)

Statutory Matters January 19th, 2009

This information is a simple guide to liquidation and other insolvency procedures. It summarises some of the rules that apply to corporate voluntary arrangements, moratoria, administrations , receivers, voluntary liquidations, compulsory liquidations and EC regulations. Please also refer to the relevant legislation, which you will find in the Companies Act 1985 (as amended in 1989 and later), the Insolvency Act 1986, the Insolvency Rules (Scotland) 1986, Insolvency Act 2000, the Enterprise Act 2002, the Insolvency (Scotland) Amendment Rules 2002, the Insolvency (Scotland) Amendment Rules 2003, the Insolvency (Scotland) Regulations 2003, the Act of Sederunt (Sheriff Court Company Insolvency Rules 1986) Amendment 2003, and Council Regulation (EC) No 1346/2000. Read More -->

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Liquidation and Insolvency (England & Wales)

Statutory Matters January 17th, 2009

This information is a simple guide to liquidation and other insolvency procedures. It summarises some of the rules that apply to corporate voluntary arrangements, moratoria, administrations, receivers, voluntary liquidations, compulsory liquidations and EC regulations. Please also refer to the relevant legislation, which you will find in the Companies Act 1985 (as amended in 1989 and later), the Insolvency Act 1986, the Insolvency Rules 1986, the Insolvency Act 2000, the Insolvency (Amendment) (No 2) Rules 2002, Council Regulation (EC) No 1346/2000, the Insolvency (Amendment) (No2) Regulations 2002, the Enterprise Act 2002, and the Insolvency (Amendment) Rules 2003 (SI 1730/2003). Read More -->

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