The accounts of Limited Liability Partnerships (LLP) are prepared in similar way as limited companies and they have the same disclosure requirements. The accounts must be filed on public record with the Registrar of Companies within nine months after the accounting year end for accounting periods beginning on or after April 2008.
If the business qualifies as small or medium sized it may file abbreviated accounts. Limited liability partnership has the same audit exempt eligibility criteria as a limited company. This means that the LLP can be exempted from audit if either or both of its sales and assets are below the current audit exemption thresholds.
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