Limited Liability Partnership (LLP)

From £85.00

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If you are looking to setup a business with a colleague or partner, then this option may be right for you.

The LLP combines features of both limited liability companies and traditional partnerships, in that they offer the limited liability protection available to Limited Company shareholders but with the flexible nature and tax structure available to partnerships.

Limited Liability Partnerships are available to any 'two or more persons associated for carrying on a lawful business with a view to profit' by incorporation with the Registrar of Companies.

Who Is It For?

  • Traditional professional partnerships such as solicitors, accountants or architects who have been prohibited by their professional bodies from incorporating as limited companies but require the benefits of limited liability and corporate status

Features & Benefits

  • Requires a minimum of two Members
  • A company name of your choice
  • Members of the LLP are able to limit their personal liability
  • Ability for Members to separate out different rights
  • No need for governing documents, although a Partnership Deed is highly recommended
  • Differently taxed in that the profits are treated as the personal income of the members
  • It is a separate legal entity and can therefore hold property, enter into contracts, sue or be sued in its own right

Useful links

E-ssential Liability Partnership
Classic Liability Partnership

E-ssential Liability Partnership

  • LLP
  • Certificate of Incorporation (electronic version)
  • Online Admin Portal
  • Optional fast track Barclays business bank account

Classic Liability Partnership

  • LLP
  • Name of your choice
  • Printed Certificate of Incorporation
  • Certificate of Incorporation (electronic version)
  • Partnership Deed (electronic and printed)
  • Online Admin Portal
  • Optional fast track Barclays business bank account ( UK Addresses only)