LLP Formation
A Limited Liability Partnership (LLP) combines the flexibility of a partnership with the limited liability protection of a company. Popular among solicitors, accountants, and consultancies.
Key benefits
- Limited liability for all members
- Flexible profit sharing arrangements
- No requirement for share capital
- Members taxed individually (not corporation tax)
- Legal personality separate from its members
- Minimum of two designated members required
- ACSP identity verification for all members
- Same-day filing with Companies House