Limited Liability Partnership (LLP) Formation Services

Limited Liability Partnership LLP

In the UK, the Limited Liability Partnership (LLP) is a unique and innovative business form that blends the advantages of a partnership and a limited liability company. This exceptional structure attracts entrepreneurs, professionals, and service providers seeking to limit their personal liability for company obligations.

LLPs are always created with the intention of making a profit.

It is crucial to underline that an LLP differs significantly from a traditional partnership, where partners bear unlimited liability for the partnership's debts and obligations. In contrast, in an LLP, partners are only liable for their capital contributions, safeguarding their personal assets and providing financial security.

To establish an LLP, registration with Companies House is necessary, granting the company a separate legal personality. As an independent entity from its partners, the LLP can enter into contracts, hold assets and liabilities, and engage in commercial activities.

The formation of an LLP does not involve the same statutory requirements as a limited liability company (LTD). Rather, it is represented by articles of association, and while a partnership agreement is common, it is not a legal prerequisite.

For LLP formation, two designated partners are required, regardless of the total number of partners. These designated partners play a role similar to that of a company secretary and are responsible for:

1. Appointing an auditor if necessary.
2. Signing and submitting financial statements to Companies House.
3. Filing annual returns with Companies House.
4. Updating company and partner details, if any changes occur.
5. Representing the company in dissolution or liquidation proceedings.

One of the key benefits of an LLP is the division of responsibility among co-managing partners. Each partner shares in managing the business but is not held fully responsible for the actions or obligations of others, offering a substantial advantage in minimizing personal liability.

However, it is essential to note that not all professions are suitable for the LLP structure, as certain industries have specific restrictions on legal form. Therefore, seeking advice from legal counsel or advisors is advisable before registering an LLP.

In summary, Limited Liability Partnerships (LLPs) present an appealing choice for professional service providers, such as lawyers, physicians, accountants, architects, and others who prioritize personal liability protection while enjoying the benefits of partnership and limited liability. With an LLP, partners can pursue their business objectives safely and effectively, maintaining a high level of professionalism and service quality.

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VAT Registration Service for UK businesses

£99.95

VAT Registration Service for UK businesses

£99.95

VAT Registration Service for UK businesses

Tax Registration

Euro Lex Ltd prides itself in offering a reliable, comprehensive VAT registration service to our clients. We will save you the hassle of applying for VAT registration yourself by completing the entire process on your behalf. We’ll complete all the necessary paperwork/ forms, taking care of all the formalities, before obtaining your VAT registration certificate. This usually...

£99.95

VAT Registration Service for UK businesses

Tax Registration

£99.95

LLP Company Formation - BASIC

£99.95

LLP Company Formation - BASIC

£99.95

LLP Company Formation - BASIC

UK Company Formation

A simple, cost-effective package to start your LLP company that provides a full set of formation documents in digital (PDF) format. Available for UK residents only. If you`re from any other country please choose package with Registered Address Service . <ul...

£99.95

LLP Company Formation - BASIC

UK Company Formation

£99.95

LLP Company Formation - STARTER

£249.95

LLP Company Formation - STARTER

£249.95

LLP Company Formation - STARTER

UK Company Formation

Perfect if you want to keep your home address private, making use of a prestigious London registered office address and service address. Essential if you are non-UK resident. LLP Limited Liability Partnership Formation; Registered office service in London, WC1N 3AX; Member(s) service address; ...

£249.95

LLP Company Formation - STARTER

UK Company Formation

£249.95

LLP Company Formation – PREMIUM

£349.95

LLP Company Formation – PREMIUM

£349.95

LLP Company Formation – PREMIUM

UK Company Formation

A comprehensive package, giving you ultimate peace of mind. Includes everything in our other packages plus PAYE and VAT registration. LLP Limited Liability Partnership Formation ; Registered office service in London, WC1N 3AX; Member(s) service address; * PAYE (Payroll) registration; VAT registration ...

£349.95

LLP Company Formation – PREMIUM

UK Company Formation

£349.95

Central London Registered Office Address

£99.95

Central London Registered Office Address

£99.95

Central London Registered Office Address

Central London Address Service

At Euro Lex Ltd, we understand how important it is to have an official registered office address for your UK company. When you're setting up your business, Companies House requires you to have a registered office address. This address gets listed on the official register of companies, and you need to show it...

£99.95

Central London Registered Office Address

Central London Address Service

£99.95

Service Address in Central London

£49.95

Service Address in Central London

£49.95

Service Address in Central London

Central London Address Service

A Service Address, commonly referred to as a 'director's address,' serves as the designated official correspondence location for business directors, secretaries, individuals of significant control, or LLP Members. It's an essential requirement for companies registered in the UK, ensuring your personal details are kept...

£49.95

Service Address in Central London

Central London Address Service

£49.95