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LLP Package
Company Registration

LLP Package

What is a limited liability partnership (LLP)?

A limited liability partnership (LLP) is a business structure that blends features of a traditional partnership. In an LLP you need atleast two members as partners, the partners are not personally liable for the debts and obligations of the partnership, unlike in a general partnership where each partner can be held responsible for the entire partnership's liabilities. This limited liability feature provides partners with a valuable safeguard, shielding their personal assets from being seized to pay off the partnership's debts or legal judgments. The structure is particularly appealing for professional service firms, such as law practices, accounting firms, or medical groups, where individual partners may face a higher liability exposure due to the nature of their work.

How does a limited liability partnership work?

An LLP maintains the flexible management structure and tax benefits of a partnership, where profits and losses flow directly to the partners' individual tax returns. Partners in a limited liability partnership can focus on the day-to-day operations of the business without the worry of being personally sued or having their personal assets at risk. Overall, the LLP model offers the best of both worlds - the managerial freedom of a partnership coupled with the liability protection of a corporate structure, making it an increasingly popular choice for businesses seeking to limit their risk while maintaining operational flexibility.

Setting Up an LLP in UK

The LLP formation package is the best option for those who can operate a business on a partnership basis but the members require limited liability. Available at £79.99 +VAT, get your company Limited Liability Partnership registered with the Company House in just 3-6 hours.

LLP Company Registration Package

We can get your Llp Company Registration done with the Company House in just 3-6 hours. After the completion of the process, you will receive a free LLP draft agreement, a printed LLP document, and an online company manager who will update and maintain the LLP details of your company in the best way.

Get a free domain name

With the advancement of technology, having a website has become an essential part of company formation. Our team provides you with a free domain name under .co.uk or .com for 1-year, after which you will have to renew.

Maintain your company with an Online Company Manager

With an online company manager, you can now make use of an easy-to-use Customer Dashboard to access a range of services and facilities to manage your companies online in a hassle-free manner.

Prefer to order by telephone

If you are not confident in completing your new company order online - call our friendly team and we will complete your order by telephone

LLP
Package

£79.99

Includes

  • Company house fees paid by us

  • Email/Printed Copy of Certificate of Incorporation

  • Email/Printed copy of Draft LLP agreement

  • Printed company documents delivery with tracking

  • Free pre-submission review

  • Free business bank account

  • Free Online Company Manager to Maintain your Companies

  • Free domain name .co.uk for 1 year

Services you might need
with this package

You have the opportunity to add these extra services during the order process

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Non UK Resident
Package

Our idea is to help our non-UK clients set up their businesses effortlessly and without any hassle. Thus, we provide them with a range of services to ensure a streamlined working experience with us.

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Take a look at our
Full secretary services £149.99

At Formationhunt, you can avail of the best full company secretary service that includes a company secretary and a dedicated and efficient account manager who will take care of the entire statutory registers, make changes in the company as per your instructions and prepare and file company’s confirmation statement.

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    Just the best place for uk ltd formation. Support is great. They have good communication. All the things are done quickly but effectively. Overall great service for the price 😀

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    Overall good experience starting from finding a company name, going through the company formation process step by step, getting all the documents handy at one place..loved it..

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    FormationsHunt exceeded my expectations! Their intuitive platform made registering my company a breeze. The team provided exceptional support throughout the process, answering all my questions promptl... Read More

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Frequently Asked Questions

Go to the packages section, choose LLP company registration package to proceed further. You need to have a minimum of two designated members to fulfil all the legal duties of the company. It's also necessary to have at least one 'general partner' and one 'limited partner' in your company, which can be either a person or a business entity.

Yes, a Limited Liability Partnership (LLP) must have its name that ends with the letters LLP to be a registered company in the UK at Companies House, the official Registrar of Companies in the UK.

The partners in a Limited Liability Partnership (LLP) are the owners who actively manage the business. In an LLP, each partner serves both as a manager and an owner. Conversely, in a Limited Company (Ltd), the shareholders, who are the owners, do not possess managerial authority. In a Ltd company, the management structure is distinct from ownership, with the board of directors responsible for overseeing the company's operations.

Limited Liability Partnerships may exhibit lower tax efficiency compared to other business structures, as their profits are taxed as personal income and cannot be retained within the entity. Additionally, LLPs are required to submit their financial statements to Companies House. A minimum of two members is necessary for an LLP to operate. In cases where an LLP is reduced to a single member due to any exit or death, it is allowed to continue its operations for a maximum of six months. Furthermore, businesses and clients might perceive LLPs as less credible than other corporations. It is important to note that partners are not legally obligated to seek the input of their fellow partners when making business decisions.

Partners in a Limited Liability Partnership in the UK typically receive compensation through a mix of profit distributions, salaries, and guaranteed payments. The specific payment methods and amounts vary based on the LLP's internal structure and the partners' agreement.

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