Private Limited CompanyRegular limited company formation (private company limited by shares). The normal solution for most businesses - registered within a day for just £94 (including VAT).
Community Interest Company (CIC)Social enterprise company working for the benefit of the community. Company limited by guaranteeFor clubs and other not-for-profit ventures. The members are called Trustees and don't have Shares.
Charity limited by guaranteeThe limited liability option for charities. The members are called Trustees and don't have Shares.
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LLP - Limited Liability PartnershipAll businesses face risks, but members of partnerships used to have the extra worry of potentially having to cover their partners' debts as well as their own. Now partnerships can also have limited liability. By registering as a Limited Liability Partnership(LLP) they keep their relationship and tax status but add the same kind of protection that limited companies have had for years.
TaxThe partners of a Limited Liability Partnership are treated for tax in the same way as if they were sole traders or members of a traditional (unlimited) partnership. In other words, they are "self-employed". Whether this is good or bad depends on individual circumstances, so it is wise to seek your accountant's advice.
Designated
Partners are the LLP members who are held responsible for maintaining
the Partnership in good standing at Companies House
Just like the Directors or Company Secretary in a limited company, they must ensure that the LLP files an Annual Return and Accounts. Each LLP must name at least two of its Partners as Designated Partners. If the LLP only has two Partners they will automatically be "designated". We provide...
All for just £145 (including VAT)
To register today contact us on 0117 370 2725.
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LLP or LTD?Which is best for you? |
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What do you want to do? |
LLP |
LTD |
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Use partner's tax allowances |
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X |
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Employ non-professional staff |
X | |
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Run a large PAYE scheme |
X | |
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Be taxed as self-employed |
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X |
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Limit the liability of fee-earning partners |
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X |
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Hold shares in another business |
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Maintain a steady business for a small or fixed number of partners |
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X |
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Expand the business and employ many people |
X | |
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Manufacturing/distribution business |
X | |
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Profession * |
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X |
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Sell shares in the business |
X | |
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* Many professions allow and use the LTD format. Either is possible, but the LLP format was originally intended to meet the needs of the professions. |
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Read more about LLP/LTD advantages and disadvantages.
We are called Ordered Management because we take care of the details.
That’s why our clients like us and keep coming back. Some of them took the trouble to write and tell us how pleased they are. See what they said and how Ordered Management can help you.
Order your LLP by post
If you don't like ordering online you can order your Limited Liability Partnership by post.
