Designated LLP members must be appointed to take responsibility for certain administrative and statutory requirements on behalf of the entire partnership. They perform a similar administrative function to company directors; however, they have all of the same rights as the rest of the LLP partners.
Typically, LLP members must carry out the following tasks:
Register the LLP for Self-Assessment
Register the LLP for VAT and PAYE, where applicable
Prepare annual partnership accounts and annual returns for Companies House
File partnership tax returns with HMRC
Appoint an accountant and/or auditor, where applicable
Oversee the winding up of the LLP
Notify Companies House of any changes to the LLP’s registered details
Maintain accounting records
Maintain the LLP’s statutory registers
Your LLP must have at least two designated members at all time. You can change designated members at any time and as often as required but you must notify Companies House.