Limited Liability Partnership Package
Register an LLP. Package includes a draft LLP Agreement.
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Frequently asked questions
You will be forming a limited liability partnership (LLP). This is a form of partnership - not, strictly speaking, a company.
An LLP requires a minimum of two designated members, meaning you generally need at least two people to form the partnership.
Designated members have additional responsibilities compared to normal members. Their duties include filing annual accounts and confirmation statements, registering the LLP for Self Assessment, and ensuring that the partnership always remains compliant.
Unlike a limited company, there are no shares in a limited liability partnership to define the ownership structure. Instead, an LLP is owned by its members. All members are entitled to an equal share in capital and profits, unless there is an LLP agreement that varies the rights of individual members.
The liability of an individual LLP member is limited to their agreed contribution. This limited liability is one of the main benefits of the LLP structure (as opposed to a standard partnership, where partners are entirely responsible for all debts accrued).
The LLP agreement is a contract that sets out the rights and duties of members in the LLP to ensure both they and the partnership are protected. Whilst an LLP agreement is not compulsory, it is highly recommended. The LLP Package includes a draft LLP agreement for you to use.
Limited liability partnership names must end with either ‘Limited Liability Partnership’ or ‘LLP’.
Yes, we provide up to 7 business bank accounts for our UK customers to include in their new LLP formation, including Barclays, NatWest, Tide, Monzo, HSBC, Zempler, and ANNA.
It will take you no more than 5 to 10 minutes to complete the online LLP application form on our website. Companies House will then usually take up to 24 hours to approve your new LLP registration. Please note this is subject to Companies House workload on the day and it can take longer.
If it is very important your LLP is incorporated as soon as possible, we would recommend you add the Guaranteed Same-Day Service to your order.
A SIC code or Standard Industrial Classification code is used to categorise a company's business activity. To register a limited company or LLP you must choose at least one SIC code, although you can choose up to four. Do not worry if you do not know the SIC code relevant to your business activity, Quality Company Formations provide a simple SIC code search tool where you can choose your SIC code or codes.
As soon as your new LLP has been registered at Companies House, we will send you an order fulfilled email. Within this email you will receive a voucher code and instructions on how to set up your new domain name.
All company formation agents have a legal obligation to verify the identity of all customers, directors and PSCs of the companies we incorporate.
Once your order has been submitted we will send personalised links to your email for you where you and any other directors or PSCs will be able to provide your ID. The process should only take a couple of minutes and is free of charge.