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Form A Limited Liability Partnership
Combining the benefits of a traditional business partnership and private limited companies, incorporating as a limited liability partnership is an attractive proposition for businesses currently operating with two or more partners. Limited liability partnerships operating in the UK offer its founding partners a leg up in terms of legal affairs and favourable tax treatment along with the reduced liability risks associated with private limited companies. | ![]() |
Since an LLP is its own entity distinct from its members, the LLP can enter contractual obligations, own property and employ people. Any debts incurred in the ordinary course of doing business belong to the LLP itself and not its members. Unlike public and private limited companies LLPs have no directors or shareholders, and as such are not subject to UK company laws rules governing the maintenance of capital. | |
| While there are no legal requirements for the founding members of an LLP to enter into a written agreement highlighting the relationship between themselves and the LLP, doing so is highly recommended to avoid legal disputes in the future. Limited liability companies without a Deed of Partnership will be subject to the laws of the Limited Liability Partnerships Act 2000, which takes precedence in the absence of any binding agreement between LLP members. As with all limited companies incorporated in the UK, LLPs are required to provide financial information to HM Revenue & Customs and Companies House in annual filings, they also have to notify Companies House in case of changes of the LLP's membership or their registered office address. | ![]() |
Our company formation experts at can help you register a limited liability partnership in an easy and transparent manner. We will work on your behalf with Companies House, and guide your partners through every step of the registration process. Fast Formation also offers a whole host of additional services aimed at establishing your business presence in the UK at minimal cost to you. We provide everything from arranging a UK based address for your partnership, to offering accounting services and financial advice from our pool of UK based expert accountants. Contact Fast Formation today and make your company's presence felt in the UK and across the world. | |







