25/10/2026
Many limited liability partnerships operate without a tailored members’ agreement, and the default rules then decide matters for them.
Under those rules, profits are split equally, no member has the right to a salary, and the other members cannot expel someone by majority vote.
Members are also taxed on their profit share whether or not they withdraw it, so the cash position and the tax position rarely match.
Our full overview explains what we suggest settling in writing from the start 👉
https://www.uniwide.co.uk/limited-liability-partnerships-an-overview/