A business partnership with limited liability for the partners.
A business partnership with limited liability for the partners.
£89 + VAT
A Limited Liability Partnership is a business partnership with limited liability for the partners. It is similar to a limited company and the main difference is that an LLP has no shares and has the organisational flexibility of a partnership. An LLP is commonly used by professional practices but can suit many different types of business.
An LLP must have a minimum of two members who have the intention of starting lawful trade and with ‘a view to profit’. There is no maximum number of people that can join an LLP. A partner need not be a UK resident. An LLP also requires a registered office address which must be based in the UK and cannot be a PO Box or otherwise.