United Kingdom partnership law concerns the way that partnerships are formed or governed within the United Kingdom. Depending upon where the partnership was formed, English law, Scots law or Northern Irish law may apply in addition to statutes that create a framework across the UK. Under Scots law a partnership is a distinct legal entity and can borrow money from a bank in the name of the partnership, while English law only allows borrowing in the names of individual partners. Partnerships are a form of business association, which arises automatically when people carry on business with a view to a profit (Partnership Act 1890 s 1). Partners are jointly and severally liable, just as they own the property in common. History A limited partnership under the Limited Partnerships Act 1907 is similar to a partnership under the Partnership Act 1890, although there are two different types of partners: general partners, and limited partners. A general partner treated in the same way as a partner under the Partnership Act 1890, and is liable for the debts and obligations of the firm. A limited partner, unlike a general partner, enjoys limited liability, meaning that, provided they do not partake in any business management, they will not be liable for any debts or obligations beyond their investments. If a limited partner does partake in business management, they will be treated as if they were a general partner, and will be liable for the debts and obligations of the firm incurred under their management. A limited partnerships must be registered with Companies House in order to be treated as a limited partnerships; if unregistered, it will be treated as a partnership. A limited liability partnership (LLP) under the Limited Liability Partnerships Act 2000 is legal person in its own right, and is distinct from the persons who own it (who are formally known as 'members', but often referred to as 'partners'). Generally, members enjoy limited liability, meaning they are not responsible for an LLP's debts or obligations. In order to be incorporated, a limited liability partnership must, inter alia, have at least two members. Generally, the law governing partnerships within the meaning of the Partnership Act 1890 and the Limited Partnerships Act 1907 does not apply to limited liability partnerships. A notable exception to this, however, is in the respect of taxation: LLPs are treated as partnerships for tax purposes. In 2017, measures were