LLP – Limited Liability Partnership
All 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 a Limited Liability Partnership you keep the advantages of partnership, with self-employed tax status, but add the security of limited liability.
All for just £95
Register your LLP today or contact us for more information. Call 0117 370 2725 or click for online help (top right).
The 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 Members are the LLP members who are held responsible for maintaining the Partnership in good standing at Companies House
They 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”.
Members 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 LLP formation. But we actually serve a worldwide client base, often registering LLPs for overseas companies, and even handling LLP registrations 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.
There is no legal obligation for partners make a formal agreement, but we 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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Documents for Non-UK Residents
Members of British registered Limited Liability Partnerships can be of any nationality and may live anywhere in the world. But Members living in some countries may need special documentation to prove their legal ownership to authorities in their home country. Ordered Management deals with clients all over the world, so we can help. Certified copies of Memorandum & Articles of Association, Good Standing Certificates, Certificates of Incumbency, Statutory Declarations – all can be provided with the appropriate legalisation and/or apostille.
Call us on 0117 370 2725 or send an email.
If your LLP is a partnership between two companies (rather than persons) you may need help with the special handling that keeps the LLP legally compliant and up-to-date. This can be done by appointing us to act as Company Secretary for one of the member companies, or by taking out an LLP Maintenance contract.