A Limited Liability Partnership (LLP) is a business run by two or more persons, either individuals or companies, acting together with a view to profit. It differs from, simply, a partnership in which the liability of partners is unlimited. In a LLP the liability of the partners is limited to the amount contributed by them when they joined the Partnership.
UK Limited Liability Partnership (LLP) Formation £250.00 + Vat
Limited Liability Partnership formed exactly to your specification including Registration Corporate Books, preparation of Partnership Agreement, and supply of 6 bound copies.
Incorporated Within 7 Days (Subject to Companies House Processing Time).
LLPs are the most common partnership format used in the UK today and provide owners with limited liability protection to ensure the safety of their personal cash, home and other personal assets.
An LLP differs both from a Partnership where each partner has unlimited liability, and a Limited Partnership (not to be confused with a LLP); in a Limited Partnership, the liability of one or more (but not all) of the partners is limited to the amount contributed by them when they joined the partnership; such Partners are termed Limited Partners.
Most partnerships are governed by a written partnership agreement but this is not a pre-requisite. A partnership can arise under an oral agreement or even be implied by a course of dealing.
Turner Little provide bespoke packages including:
- Banking Arrangement
- Business Consultancy
- Company Secretary
- Registered Office Address