Our Limited Liability Partnership Agreements set-out detailed and practical rules in respect of the LLP and its members, including rules relating to: Defining the business of the LLP. When and how member meetings will be held and how decisions will be made at those meetings. It will also establish whether decisions require unanimity, a majority or a defined number of members to agree. Whether there are restrictions on an individual member’s power to bind the LLP. The circumstances in which the members may appoint a new member or expel an existing member. Whether and what drawings members may make. How profits will be distributed. How the limited liability partnership is to be financed. How limited liability partnership property will be dealt with. Which members will be designated members. Whether and how members are to be prevented from competing with the LLP. Whether and how members are to be prevented from poaching customers and staff. How and when the limited liability partnership might be wound up.