The reorganisation of a LLP's capital accounts

A London private equity management firm, as part of its business assessment, wished to review its capital contributions and authorise a reallocation thereof.

As specialists in this field, Throgmorton was well-placed to provide the necessary service and advice. Our company secretarial manager was therefore asked to conduct a review of the LLP Agreement to ensure that the business being considered was permitted under the terms of the Agreement.

As well as the reallocation of capital contribution, certain loans were to be considered for conversion to capital as part of the reallocation exercise. Here, our company secretarial specialists worked in conjunction with our accounts team to conduct an analysis of all capital contributions and loans to date. This resulted in the production of a schedule for the client’s comments and approval.

Following this, Throgmorton recommended how the reallocation could be structured and on the client’s go ahead, produced the Members resolutions necessary to authorise the change. 
Company Secretariat, Throgmorton: “One of our strengths is that we can call upon a number of specialist teams within Throgmorton. By working together seamlessly, we can ensure that clients receive a first rate standard of service.”  

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"..Most importantly, their team is knowledgeable, efficient and extremely committed to excellent client service.."