Limited Liability Partnership – LLP

 

A Limited Liability Partnership (LLP) is similar to a limited company, with each participant having less liability for business-generated debt than they would under the ‘partnership’ route.

We can guide you which option is best for you in the long-term.LLPs must have at least two designated members – the law places extra responsibilities on them.

If for any reason the number of designated members falls to one, every member is deemed to be a designated member.

LLPs must:

  • register with Companies House
  • send Companies House an annual return
  • file accounts with Companies House