Ltd. Liability Partnership Company (LLP)
Ltd. Liability Partnership Company (LLP)
In this package, you will get a new limited liability partnership company incorporated and the documents send to you via email on the day of incorporation. If you live within the UK, you will also get printed certificate of incorporation and a draft LLP agreement via post.
You also get access to our online company manager portal to manage your LLP company after its formation.
UK Limited liability partnership company
Quick online company setup
Companies House filing fee included
Super-fast online service (no signatures or paperwork)
Digital copies of company incorporation documents
Printed copies of official documents
Web authentication code
Corporate hijack protection
Free .co.uk domain name
FREE consultation with an accountant
FREE business startup and marketing guides
FREE online company manager account (to manage your company)
FREE customer support for the life of your company
When you register a company , you have various options, including a Limited Liability Partnership (LLP). An LLP enables professionals such as accountants, architects, solicitors and medical practitioners in partnership to benefit from limited liability.
Limited liability partnerships are typically formed by professionals, including accountants, architects, solicitors and medical practitioners. In some cases, registering an LLP offers more advantages than a limited company, and today, many family-owned businesses use the LLP model. If you have specific questions on the tax implications and benefits, please seek advice from a tax consultant.
In a limited company, a business will have a director (or directors) and, sometimes, a secretary. In a limited liability partnership, however, the company will have at least one “general partner” and one “limited partner”. General and limited partners have different responsibilities and levels of liability for any debts the business can’t pay. All partners pay tax on their share of the profits
The main benefit of registering a limited liability partnership is that the members’ (or partners’) private assets are protected. In the case that the business fails, the partners will only lose the money they have invested; their private assets will stay secure. If something goes wrong in an unregistered partnership, on the other hand, all partners can be held liable for the debts of other partners. As such, an LLP offers more security to its partners and can prevent the business from substantially affecting a partner’s personal finances should it fail.
If your business has two or three members who draw similar salaries and make similar contributions, registering an LLP might be the best option for you. However, if you are likely to employ people whose payroll will be higher than the owners’ salary, a limited company may suit you better. We recommend seeking advice from a tax consultant to discuss your options.
Our LLP formation application process is entirely online. Typically, your LLP will be registered within three to six hours, but this time can vary depending on the workload of Companies House on the day.
Just call us and speak with our friendly company registration expert. We will complete your order by phone or guide you step by step.
020 7112 8684Or Email us: [email protected]