Fully featured Limited Liability Partnership company formation service that is done for you by experts so that you don’t have to, making the whole process quick and easy.
Fully featured company formation service that is quick and easy. Sign up online now in under 60 seconds.
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Setting up a company can be daunting; there’s so much to do and so much paperwork. We take the pain out of the experience of company formations, so that with just a few clicks, you can register an LLP company formation through our convenient and hassle-free service, designed to make the process as simple as possible so that you can focus on doing what’s important to you: growing your business.
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liability. An LLP is similar in some ways to a standard partnership, except that the individual members have lower liabilities to any debts which may arise from running the business. There are more administrative duties involved compared to the usual business structure. In fact, an LLP is more similar to operating a limited company. In terms of liability, Limited Liability Partnerships – is itself liable for debts run up in running the business, rather than the individual members of the LLP.
To incorporate an LLP, you simply choose a suitable package online and then checkout. The process is very quick and easy, with the company normally being incorporated within 3 – 6 working hours.
LLP’s are only recommended for profit running businesses. Individuals or existing businesses can be members of a Limited Liability Partnership, and the LLP must have at least 2 members. The rights and responsibilities of all members would usually be laid out in a “Deed of Partnership”. The LLP would typically select a “Designated Member” (or members) who would be responsible for maintaining communications with Companies House, preparing accounts and acting for the LLP if for some reason the partnership is dissolved further down the line.
An LLP should draw up a “Partnership Agreement” at the time of formation – a legally binding agreement between members which lays out the rights and responsibilities of each party to the agreement.
Alongside administrative details such as the names and addresses of members, the deed will also include details on the amount of capital each partner will inject into the business, what their individual roles and responsibilities will be in running the business, and what would happen if a partner leaves the business.
Our online LLP company formation service gives you the following: