A Limited Liability Partnership, LLP, is a type of business entity. It is taxed like a partnership (with fewer taxes compared to a company) and has the benefit of limited liability like a company. This means that the benefits of a company and a partnership are combined in the Limited Liability Partnership (LLP).

The LLP resembles the limited company structure in two basic ways. Firstly, it is a corporate body with separate legal entity. Secondly, the liability of its members is limited to their contributions only

A major advantage of forming an LLP is tax benefit. This is because the partners of an LLP pay tax on their individual incomes only and there is no Corporate Tax applied on an LLP. On the other hand, the shareholders of a limited company pay tax on their individual incomes as well as Corporate Tax from the company's income.

Forming a new Limited Liability Partnership is now a simple, hassle free process using our online, electronic system. Formations House also provides the fastest and most efficient service, as well as offering the most cost-effective pricing. Our online incorporation service includes:

Both the Certificate of Incorporation and the Partnership Agreement documents are mailed to your given address

For more information on how to form an LLP using our online services, please click

Minimum requirements to form a LLP company in the UK:

The two basic requirements to form a UK LLP are:

1. A registered address in the UK (i.e. England, Scotland or Wales)
2. Minimum two partners required (can be two people or two companies)

Required Details:

Following details are required for LLP incorporation:

Cost:

This service costs only £150 and it takes approx 10-14 working days to complete the LLP formation process. No additional costs apply unless any additional services are selected.