E.15 An LP or LLP agreement is a specific type of legal structure used to constitute an entity. LP and LLPs have specific membership structures and, in the case of a LP, will include the use of a 'general partner' to direct the organisation. Note that different jurisdictions use different structures, e.g. a Scottish LLP is different to an English or Welsh LLP. When accounting for an LLP care should be taken to ensure that the financial statements reflect the relationship between the public sector partner and the LLP. The guidance above applies equally when accounting for LPs/LLPs as when accounting for other forms of JVs.