The difference between designated and non-designated members
A Limited Liability Partnership consists of a number of members. A member of an LLP may be a designated member as recognised in the Companies Act. At any given time an LLP must have a minimum of two designated members. A designated member will command the same rights and responsibilities as a non-designated member with the exception of several additional points.
- A designated member has the freedom to appoint an auditor.
- A designated member may sign the accounts on the behalf of another member
- A designated member may deliver the annual accounts to the Registrar of Companies at Companies House.
- A designated member may notify the registrar of any secretarial changes via the appropriate Companies House form. E.g. change of registered office address, change of member particulars, etc.
- A designated member may prepare the annual return and fulfil any procedures necessary in dissolving the limited liability partnership.
- Designated members are accountable by law in the failure to exercise any of the abovementioned duties.
Register an LLP Online - from £26.99
Typical 4 hour turnaround.Click here to find out more
Recent Support Articles
- 09 Jun 2021 - VAT Registration
- 04 Mar 2021 - Terms and Conditions
- 21 Feb 2021 - Limited company share classes
- 21 Feb 2021 - Share Capital and Statement of Capital
- 21 Feb 2021 - Company Formation Wizard: Frequently Asked Questions (FAQs)