LLP UK formation. UK company incorporation with
office services and accounting support

Beware of frauds!
We do not advertise in mass media or send bulk emails. You can only receive a message from us in reply to your query sent to  info@privacy - solutions. com

As one of five permanent members of the UN Security Council, a founding member of NATO, and of the Commonwealth, the UK pursues a global approach to foreign policy; it currently is weighing the degree of its integration with continental Europe.

Location: Western Europe, islands including the northern one-sixth of the island of Ireland between the North Atlantic Ocean and the North Sea, northwest of France.

Limited Liability Partnership - LLP in UK. UK company registration, incorporation

A new form of legal entity which is known as a British limited liability partnership ("LLP") is a good solution for those foreign businessmen and traders who wish to enjoy the benefits of low or no-taxation and still keep the prestige of being incorporated in the UK. The essential feature of an LLP in UK is that it combines the organizational flexibility and tax status of a partnership (i.e. UK LLP members are supposed to be taxed in the country of their residence) with limited liability for its members. This limited liability is possible because a UK LLP is a legal entity separated from its members.

UK LLP advantages and features

• a UK LLP is a partnership, which is in itself a legal entity, while the partners enjoy limited liability. The liability of the partners is limited to the amount of their investment into LLP;
• any person or legal entity can be a partner in a UK LLP. There are no restrictions on the nationality or residency of the partners, i.e. LLP partners may be either residents or non-residents of the UK;
• UK LLP taxation is advantageous when its partners are foreigners. Its income is passed through to its partners and taxed at the individual partner level, without any income tax assessment at the LLP entity level;
• a UK LLP is as flexible business tool as the members make it according to their needs;
• an LLP in UK can have a VAT number, which is an advantage for those trading within Europe;
• an LLP must be formed for the purpose of carrying on a lawful business with a view to profit.

A UK LLP must start trading within a year of its incorporation; otherwise it will be struck off by Companies House.

Membership

A UK LLP can have at least two or more members (partners) with equal responsibilities. The profit of an LLP is divided between the partners in the proportion of their participation in the LLP.

Details of all UK LLP members must be recorded with the Companies House and therefore are available to public.

A UK LLP must have at least two, formally appointed, Designated members. Designated members have the same rights and duties towards the LLP as any other member. However, they are responsible to perform specific rights and duties (like signing the Company Accounts, signing any changes on forms for Companies House, signing the company Annual return) on behalf of the LLP.

Membership Agreement

All the members of a UK LLP must draw an Agreement. This is the main document that declares the company structure, corporate activities, the rights and duties of members, the share percentages, etc. If a corporate bank account is opened, this Agreement must be shown to the bank, and there must be a minute to open the Bank Account.

The UK LLP agreement also covers the relationship between the members and the separate corporate entity, which is the LLP.

Schedule of fees

Incorporation of an LLP, provision of Registered Office - GBP 340

Preparation of an LLP Agreement - GBP 100

Local secretary services - GBP 120

(There is no legal requirement for a UK LLP to have a registered secretary. However, we can provide you a local qualified secretary, who will be responsible for keeping professional records to avoid the risk of penalties.)

UK LLP annual reporting and accounting

On the anniversary of incorporation the LLP is required to submit annual report. We can assist you with this. Legal and processing fees are - GBP 90

Also, every year a UK LLP is required to prepare the accounts for collation by certified accountants. We can do it for you. The fees depend on the company turnover and actions.

Apostille is optional for the authentication of the Certificate of Good Standing. The cost is  GBP 120 (please allow 10 days for issuing).

We can apply for a VAT number for your LLP if the company is trading in the UK. A VAT number can be obtained if the company is invoicing more than GBP 15 000 per quarter or if it is going to be invoicing over GBP 58 000 per annum. We will need the invoices for the three months period to apply for VAT. Applying for a VAT number - GBP 220.

You have the opportunity to use our address in the City as your company mail forwarding address in London. Your mail will be held and forwarded to you. We can provide fax and telephone support services in the UK as well. Please ask for details if interested.

Any additional services like assistance with bookkeeping, introduction to the Chartered Accountant can be provided per your request.

Procedure and time frame

Please advise if you wish to proceed with LLP in UK incorporation and list the services you require (including additional services like mail forwarding, assistance with annual reporting/accounting, etc.). Then we will send you an invoice with wire transfer instructions. When the fees are received we will send you the UK LLP forms for signing. The UK LLP incorporation takes 7 business days after the receipt of signed forms.

A .pdf file on UK LLP formation and names

Please request additional information sending
a message to our fax numbers in:
UK: +44 870 421 1387
USA: +1 626 609 3984
or E-mail: info@privacy-solutions.com
To Main Page