Document background
The Limited Liability Partnership Agreement is a fundamental document used when establishing a partnership business structure in Belgium under the SRL/BV (Soci茅t茅 脿 responsabilit茅 limit茅e/Besloten vennootschap) framework. This document is essential when two or more parties wish to form a business partnership while maintaining limited liability protection under Belgian law. It's particularly relevant for professional services firms, consulting businesses, and other enterprises where partners contribute both capital and expertise. The agreement must comply with the Belgian Code of Companies and Associations and includes crucial elements such as capital structure, management arrangements, profit sharing, and partner obligations. It serves as the governing document for the partnership's operations and partner relationships throughout the entity's lifetime.
