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.
- register with Companies House
- send Companies House an annual return
- file accounts with Companies House