Companies House UK Terms with "L"

Glossary of Companies House - Glossario del Registro Imprese UK

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Late Filing Penalties: Late Filing Penalties (LFP's) were introduced in 1992 to encourage directors of limited companies to file their accounts on time because they must provide this statutory information for the public record.

Legacy Currency: the legacy currencies are those in circulation before the Euro in Austria, Finland, Italy, Belgium, France, Luxembourg, Germany, Greece, The Netherlands, Spain, Ireland and Portugal.

Limited Liability Partnership (LLP) member: an LLP member is a person, natural or corporate entity, appointed to run the affairs of the Limited Liability Partnership (LLP). An LLP member will be appointed as either a Designated Member or a non-Designated Member. A Designated Member has the same rights and duties as other (non-designated) members, but has extra responsibilities, such as authorising the submission of documents to Companies House. A member can change their designation status. An LLP can opt to have only designated members appointed or only certain designated members and the rest (non-designated) members. All LLPs must have at least two, formally appointed, designated members at all times.

Limited Liability Partnerships: a Limited Liability Partnership is an alternative corporate business that gives the benefits of limited liability but allows its members the flexibility of organising their internal structure as a traditional partnership. The LLP is a separate legal entity and is liable for its assets but the members liability is limited.

Linked to (address): it is also know as Same as (address).