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Limited Liability Partnership (LLP) Faqs

A Limited Liability Partnership, LLP, is a type of business entity. It is taxed like a partnership (with fewer taxes compared to a company) and has the benefit of limited liability like a company. This means that the benefits of a company and a partnership are combined in the Limited Liability Partnership (LLP).

There are two basic requirements to form a UK LLP:

  1. A registered address in the UK (i.e. England, Scotland or Wales)
  2. Minimum two partners required (can be two people or two companies)

We can certainly assist you in forming an LLP in the UK. This service costs £500 GBP.

The two basic requirements to form a UK LLP are:

  1. A registered address in the UK (i.e. England, Scotland or Wales)
  2. Minimum two partners required (can be two people or two companies)

We charge a fee of£500 GBP to form a UK LLP.

Yes, you do get the original Certificate of Incorporation and The Partnership Agreement after your LLP is formed. Both these documents are mailed to your given address.

To order a UK LLP, follow these steps:

1. Log on to www.formationshouse.com
2. Click the UK LLP Formation link
3. Click the Order Here button
4. Enter the proposed name of your LLP
5. Click the Search button
6. Select any additional services if desired
7. Click Next step button
8. Review your shopping cart and click Next step button


If you are a new customer continue with the following steps:

9. Click the New Customer button
10. Fill out the registration form and click Register button
11. Review your registration details and click Next step button
12. Fill out the company details form and click the Proceed button
13. Enter member details and click Add button
14. Enter member details (for the second member) and click Add button
15. After adding all members (at least 2 members are required), click the Proceed button
16. Enter payment details and click the Check Out button

If you are an existing customer continue with the following steps:

9. Enter login details and click Log In button
10. Fill out the company details form and click the Proceed button
11. Enter member details and click Add button.
12. Enter member details (for the second member) and click Add button
13. After adding all members, click the Proceed button (at bottom of the page)
14. Enter payment details and click the Check Out button

The LLP resembles the limited company in two basic ways:

  1. It is a corporate body with separate legal entity
  2. The liability of its members is limited to their contributions only

An LLP differs from a limited company in the following ways:

  1. For a company you need at least 1 director and 1 secretary, however no such officers exist in an LLP. Instead LLP is based on at least 2 partners.
  2. A limited company is required to pay Corporate Tax, while an LLP is exempted from paying Corporate Tax (unless the LLP choses to do so itself).
  3. At least 1 share needs to be issued to 1 shareholder in a company, while there is no concept of shares involved in an LLP.

Tax benefit is the major advantage of forming an LLP. This is because the partners of an LLP pay tax on their individual incomes only and there is no Corporate Tax applied on an LLP. On the other hand, the company shareholders pay tax on their individual incomes as well as Corporate Tax from the company’s income.

Please note that we only act as a formation agent for your LLP, and do not provide consultancy in this regard. To choose the appropriate business structure, you should consult a solicitor or a business consultant.

We only act as a formation agent and do not provide consultancy in this regard. To choose the appropriate business structure, you should consult a solicitor or a business consultant.

Sorry, we currently do not offer LLP Formation service in the BVI.

Sorry, we currently do not offer LLP Formation service in the Seychelles.

Sorry we currently do not offer LLP Formation service in any offshore jurisdiction. However we do offer LLP Formation service in the UK.

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