LLP - Limited Liability PartnershipAll businesses face risks, but members of unregistered partnerships have the extra worry of potentially being held liable for their partners' debts as well as their own. By registering for limited liability (as Limited Liability Partnership) you keep the advantages of partnership, with self-employed tax status, but add the security of limited liability.
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Register your LLP today or contact us for more information. Call 0117 370 2725 or click for online help (top right).
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". Compare this with the directors of a limited company (LTD) who are taxed as PAYE employees. If you're not sure which is best for you check our LLP/LTD comparison page. Designated MembersDesignated Members are the LLP members who are held responsible for maintaining the Partnership in good standing at Companies HouseThey must file an Annual Return and Accounts each year and keep Companies House informed of any changes to the LLP or its Members. Each LLP must name at least two of its Partners as Designated Members. If the LLP only has two Partners they must both agree to be "designated" (that means ticking the designated member box on the LLP288a form or completing form LLP8). Corporate MembersMembers of a Limited Liability Partnership may be private individuals or corporate bodies (companies). for more information about this read the article "LLP - the corporate option" Registering a Limited Liability Partnership (LLP)Ordered Management is one of the few companies
in Bristol and South West England with real experience at registering
Limited Liability Partnerships. But we actually serve a worldwide
client base, often registering LLPs for overseas companies, and
even registering LLPs for other company formation businesses. To
register your LLP now complete
our online form and leave the rest to us. For more information
click for help (top right) or call us on 0117 370 2725. Partnership AgreementThere is no legal obligation for partners make a formal agreement, butwe recommend you to do so. Limited companies (LTDs) have documents (called "Memorandum & Articles of Association") that set out the rules and constitution of the company. LLPs don't have that, so we help by providing a lawyer-drafted model agreement FREE on CD when we incorporate your LLP. 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
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Is an LLP the right thing for you?Read more about LLP/LTD advantages and disadvantages. |




