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Limited Liability Partnership (LLP)

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

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    E-ssential Liability Partnership
    Classic Liability Partnership

    E-ssential Liability Partnership

    Comes with the essential digital documents

    Essential LLP Package Icon

    £85.00

    • Full Trading Limited Company
    • Digital Memorandum & Articles of Association
    • Digital Certificate of Incorporation
    • Free business bank account referral (UK addresses only)

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    Classic Liability Partnership

    This popular option comes with digital and printed documents

    Classic LLP Package Icon

    £95.00

    • LLP
    • Name of your choice
    • Printed Certificate of Incorporation
    • Certificate of Incorporation (electronic version)
    • Partnership Deed (electronic and printed)
    • Online Admin Portal
    • Free business bank account referral (UK addresses only)

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