This is our most popular package with UK residents, and includes: The filing and registration of your LLP The submission of forms detailing the LLP's executive members (partners) Incorporation forms (Form LLP2) do not require the signature of a Notary Public The formation of your LLP within 4-6 working days PPayment of legal and initiation fees The appointment of your own candidates as members for the LLP (a minimum of two people are required) The following documents will be posted to you (these documents will be sent via Royal Mail): The original laminated Certificate of Registration A hard bound copy of the Combined LLP Register A hard bound copy of the Partnership Agreement The Minutes of the First Members' Meeting Membership Certificates and completed Members' Register
Premier Package
£ 175.00
Renewal fees from £50.00
This is our most popular package with EU residents, and includes: The filing and registration of your LLP The submission of forms detailing the LLP's executive members (partners) Incorporation forms (Form LLP2) do not require the signature of a Notary Public The formation of your LLP within 4-6 working days Payment of legal and initiation fees The appointment of your own candidates as members for the LLP (a minimum of two people are required) A A registered office address for 12 months, provided by Coddan An application form for the following year's renewal of the Registered Office Address service (£50.00) Annual Return and Annual Account reminder The following documents will be posted to you (these documents will be sent via Royal Mail): The original laminated Certificate of Registration A hard bound copy of the Combined LLP Register A hard bound copy of the Partnership Agreement The Minutes of the First Members' Meeting Membership Certificates and completed Members' Register
Deluxe Package
£ 425.00
Renewal fees from £300.00
This is our most popular package with overseas residents, and includes: The formation of your LLP within 4-6 working days Payment of legal and initiation fees A A registered office address for 12 months, provided by Coddan An application form for the following year's renewal of the Registered Office Address service (£50.00) A LLP nominee designated members service for 1 year The names of the nominee designated LLP members will appear on the public record Annual Return and Annual Account reminder The following documents will be posted to you (these documents will be sent via Royal Mail): The original laminated Certificate of Registration A hard bound copy of the Combined LLP Register A hard bound copy of the Partnership Agreement The Minutes of the First Members' Meeting Membership Certificates and completed Members' Register A General Power of Attorney signed by the Nominees A pre-signed, undated letter of resignation from the Nominee Members An indemnity Letter for the General Power of Attorney A nominee service agreement which provides for the indemnification of the nominees
LLP Creation Checklist: Legal Requirements
Setting-Up LLP: You have to register with Companies House, the method is similar to registering a company. LLP subscribers may be residents outside the UK. A LLP must exist for business purposes: it is a for-profit legal form. Membership: the only members are the partners. Partners must be individuals or corporate bodies. The minimum number of partners are TWO. New partners are normally admitted by the existing partners. Partners can be of any nationality. The business is controlled by the designated members. A LLP can hold property. A LLP can borrow money in its own name. An LLP will be required to appoint at least 2 designated members. LLPs that do not carry on business as a trade or profession such as an investment company will be subject to corporation tax. The LLP is required to have a registered office in the UK.
UK LLP FORMATION SERVICE. FORMING AN LLP IN THE UNITED KINGDOM. DEFINITION OF LIMITED LIABILITY PARTNERSHIP & LIMITED LIABILITY PARTNERSHIP BENEFITS. WHAT IS THE DIFFERENCE BETWEEN AN LLC AND AN LLP?
Online LLP Formation & Registration LLP Limited Liability Partnership in England: welcome to online Limited Liability Partnership - UK LLP formation agent. Whether you are suited to being your own boss and can start up on minimal resources are questions that can only be fully answered once you take the plunge.
But the below sections will give you the best possible idea as to what's involved in going it alone, where you can find help and how others have fared when starting up a business. We recommend reviewing this site in its entirety, so that you are knowledgeable of the UK jurisdiction and the powers granted to British LLPs. We will guide you through the process of registering your limited liability partnership and establishing your registered identity.
What does LLP stand for? What is the difference between an LLC and LLP? The LLP must have at least two members in the partnership, which can be resident anywhere in the world. The members can be natural persons or corporate bodies. A Limited Liability Partnership or LLP is a relatively new creation that operates much like a limited partnership, but allows the members of the LLP to take an active role in the business of the partnership, without exposing them to personal liability for others' acts except to the extent of their investment in the LLP. All profits in a Limited Liability Partnership (LLP) are split between the members. The tax liability falls on the individual members, not the LLP itself. Most members are likely to be self-employed, so all income should be declared via self-assessment. If an LLP member is another business, they will be liable to pay corporation tax on any income they receive from the LLP. As with other company structures, if the LLP is expecting to generate income of £61,000 or more (from 1/4/2006; previously it was £60,000), they should register for VAT. If they have employees, the LLP should set up a PAYE system to collect income tax and National Insurance contributions.
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A limited liability partnership is a legal entity and a body corporate. That means it has a legal personality separate from that of its members. Like a limited company, a limited liability partnership can do all the things an individual or company can do. It can make contracts, sue or be sued, hold property or become insolvent.
By and large, partnership law does not apply to a limited liability partnership, but the arrangements between the partners may closely follow a traditional partnership agreement. A limited liability partnership is not the same as a limited partnership, regulated by the Limited Partnerships Act 1907.
The profits of the business of a limited liability partnership are taxed as if the business were carried on by partners in partnership, rather than by a body corporate. This ensures that the commercial choice between using a limited liability partnership or a partnership is a tax neutral one. There are fair and foreseeable provisions to restrict set off losses elsewhere against partnership profits of a partner and other anti-avoidance measures.
Capital Gains Tax: The members of a limited liability partnership are charged to Capital Gains Tax in largely the same way as traditional partners in a partnership. Neither the commencement of the limited liability partnership, nor any change of partner is treated as an event-giving rise to a charge to Capital Gains Tax.
Inheritance Tax: The Inheritance Tax Act 1984 has been amended to provide that the partners and partnership assets of a limited liability partnership are treated in largely the same way as those of a traditional partnership.
UK LLP Formation Packages:
ECONOMY Formation Package* for just £125.00 (with no hidden costs!) Our fees for our LLP incorporation package are £125.00 and include the following items: LLP registration, Companies House filing fees, bound copy of the completed LLP Agreement. Coddan specialising in incorporation of Limited Liability Partnerships in England, Wales, Scotland and in Northern Ireland. Our incorporation service which ENABLES YOU TO APPOINT YOUR OWN members and registered office details straight away. Your LLP is then submitted for registration with your choices as the original LLP officers. (Note: All partnerships are formed with your own details from the time of incorporation; we do not use nominees as some agents do. We do not register partnerships which have sensitive words free of charge.)
* The Economy Package is ideal for small and medium businesses and for customers who have their own address in the UK, and who have at least two partners appointed as LLP members.
Preparation and Filing of the Form LLP2 with the Companies House; Laminated Certificate of Incorporation; Coddan's Standard Partnership Agreement.
Upon the formation of your Limited Liability Partnership, the following documents will be sent to you by Royal Mail: a laminated copy of the Certificate of Incorporation of your LLP, a hard bound copy of the Partnership Agreement of your Limited Liability Partnership, a hard bound copy of the Minutes of the First Meeting of the LLP Partners, a register of Members.
Our online incorporation order form ALLOWS a customer to add more services: domain name registration, free 0800/0870 telephone numbers (receive faxes, setup voicemail. Forward calls to mobile and landlines, nationally and internationally), additional sets of documents, seals, nominees, VAT registration, bookkeeping and accounting service, notarisation & Apostille, etc. You May Use This Form to Incorporate a new Limited Liability Partnership: Economy LLP Registration Package
Please Note: We can register a Limited Liability Partnership with your choice of name. We can process all the requirements of formation, provide registered address and nominee designated members - all the legal requirements to incorporate and operate a Limited Liability Partnership. The formation of limited liability partnership differs from the other company formations.
The order form provided online will help us to fill the appropriate documentation. Once the documentation is ready, we will send it to your email and you will be required to print it, sign it and posted back to us. From the moment we receive all the documentation signed, the process will take 4-6 working days (no expedited service available). Once your LLP has been incorporated with the Companies House, we will prepare all the documentation: laminated Certificate of Incorporation, LLP Agreement, Members Register and Members Certificates. These documents will be sent to you only by post (e-mail LLP documentation service is not available).
UK LLPs from only £125.00! All Inclusive LLP Registration. Each Limited Liability Partnership package includes all statutory paperwork and is fully compliant with the LLP law. All government and filing fees are included in the cost of our Economy pack. All certificates and documents will be sent directly to you by post immediately following the registration of your LLP. It will take just 5 minutes to complete the online registration form, then your LLP could be up and running within 4-6 working days.
THE FOLLOWING UPGRADES CAN BE ADDED TO THE ABOVE PACKAGE:
1. LLP Pliers Seal - £20.00. 2. Domain Name Registration for two years - £16.00. 3. Provision of a Registered Office Address for 12 months - £50.00. 4. Provision of a Nominee Designated Member for 12 months - £125.00. 5. Certificate of Good Standing - £35.00. 6. Notarisation & Apostille of Documents.
For more information about our incorporation packages, please e-mail info@ukincorp.co.uk or call: Call FREE 0800 081 1510 or +44 (0) 207 637 3881, fax: +44 20 7681 3318
PREMIER UK LLP Registration Package* - £175.00 This package has all the features of our Economy package but also has the provision of having your LLP prepaid registered office address. This service (Our Most Popular Plan for EU Residents) is particularly useful for small business, such as those being run by members from home, where a separate address for service of routine paperwork from authorities such as Companies House and the Inland Revenue may be required for various reasons.
* The Premier Package is ideal for small and medium businesses who opt to use our registered address in London, Liverpool, Manchester, Edinburgh or Glasgow.
Preparation and Filing of the Form LLP2 with the Companies House; Laminated Certificate of Incorporation; Coddan’s Standard Partnership Agreement; Registered UK office address; Forwarding of Official Mail.
Upon the formation of your Limited Liability Partnership, the following documents will be sent to you by Royal Mail: a laminated copy of the Certificate of Incorporation of your LLP, a hard bound copy of the Partnership Agreement of your Limited Liability Partnership, a hard bound copy of the Minutes of the First Meeting of the LLP Partners, a register of Members.
All England and Scotland registered partnerships are legally required to have a registered office address. It is the address of a LLP to which Companies House letters and reminders will be sent. The registered office address can be anywhere in England and Wales (or Scotland if your LLP is registered there). The registered office address must always be an effective address for delivering documents to the LLP, and to avoid delays it is important that all correspondence sent to this address is dealt with promptly.
Our registered office address will be recorded at Companies House and all official mail will be forwarded to your designated address. If you want to be a Scottish registered LLP and governed by Scottish law then you will need a registered address in Scotland. We can provide you with a prestigious address in Edinburgh or Glasgow. For LLPs owned by overseas residents it is a legal requirement to have a local registered address where official government mail can send.
Please note that this address SHOULD NOT be used for any trading purposes or general correspondence, or for any form of advertising. The address is only to be used to comply with the requirements of the Companies Act 1985 in relation to official mail and documents.
Please note registered office address is not to be used for general correspondence; our trade mail service is available for this purpose. The registered office address will also be used by the UK tax authorities, and other government departments, to contact the LLP. In the event the LLP is involved in any legal action official papers will often be served at the registered office address.
The LLP stationery, including the letterhead, should contain the LLP's official name, as registered with Companies House; the LLP's registered office address; the registration number or license number; the VAT registration number (if any); and the place of registration, i.e. England & Wales or Scotland. You May Use This Link to Register a Limited Liability Partnership: Premier Package - £175.00 (incorporation, government taxes and government fees are included)
DELUXE LLP Start-Up Package* - £425.00 This package (Our Most Popular Plan for International Customers) includes prepaid registered office, prepaid two nominee designated members for 12 months (incl. General Power of Attorney). If you do not wish to disclose members (partners) names and other personal details for the incorporation, we can provide a nominee designated members service. Usually two membership certificates are issued to the nominee members, who will issue a Declaration of Trust in favor of the LLP beneficiary owner. This service has been designed to allow our clients to retain their privacy for legitimate reasons in a world where your personal information can easily be obtained by anyone that knows where to look. This service is not to be used for any illegal purposes.
* The Deluxe Package is ideal for small and medium businesses who opt to use our registered address in London, Liverpool, Manchester, Edinburgh or Glasgow, and who require our nominee service.
Preparation and Filing of the Form LLP2 with the Companies House; Laminated Certificate of Incorporation; Coddan's Standard Partnership Agreement; Registered UK office address; Forwarding of Official Mail; Nominee Designated Members; Power of Attorney.
Upon the formation of your Limited Liability Partnership, the following documents will be sent to you by Royal Mail: a laminated copy of the Certificate of Incorporation of your LLP, a hard bound copy of the Partnership Agreement of your Limited Liability Partnership, a hard bound copy of the Minutes of the First Meeting of the LLP Partners, General Power of Attorney, a register of Members, set of documents for nominee service.
1. LLP Members (Partners) may be residents outside the United Kingdom. 2. You must appoint a minimum of two Members (Partners). 3. Members may reside anywhere in the world and may be bodies corporate registered in the UK or elsewhere. 4. The liability of the members of the UK LLP is limited to any agreed capital contribution. No minimum capital contribution is prescribed so this could be zero. 5. The business is controlled by the 'Designated Members' (who have a similar responsibility to a directors and secretary of a Limited Company) and the 'Members'. 6. The LLP act confers the same tax transparency as partnerships. Members are considered as self employed for tax purposes. LLPs do not pay Corporation Tax. 7. You have to register with Companies House, the method is similar to registering a Limited Company. 8. As a separate legal entity, LLP's may own property, sue, and be sued in LLP's name. 9. The LLP structure is more suitable for a group of people engaging together in a property or finance venture where it may be necessary to account for partners coming ang and going more frequently than you would expect in a normal partnership business. 10. The types of business that LLPs were originally designed for were professional partnerships such as lawyers, surveyors and accountants. However other businesses may also benefit from using LLPs, particularly new start-ups who might otherwise have formed limited companies.