Formation
Registration at Companies House and the LLP agreement.
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London, local time
UK LLP, limited liability taxed at member level
An LLP protects its members like a company and is taxed like a partnership. The profit is taxed where each member lives, not in the LLP.
0%tax at LLP level: transparent
2designated members required
Publicaccounts filed at Companies House
1 to 3 daysto incorporate
Is UK LLP right for you?
We would rather tell you now than after you have formed it.
Built for you if
- You run a partnership or consultancy with two or more partners
- Your partners live in different countries
- Members live in countries that tax lightly or not at all
- You want limited liability without corporate tax
Probably not, if
- You are a solo founder without a partner or company as second member
- Your home country treats the LLP as a company
- You need venture investment
What we arrange
Everything you need to start trading, set up in the right order.
Six partsOne team.
One team.
One fixed fee.
Handled by one team, from the first filing to the first invoice.
Start your companyDesignated members
At least two, which can be individuals or companies.
Classification check
How your country of residence treats the LLP, confirmed before you form it.
Bank account
A UK business account, prepared for the scrutiny LLPs get.
Partnership return
The annual partnership tax return to HMRC.
Accounts
Annual accounts and the confirmation statement, filed publicly.
How it holds up at home
Whether an LLP is transparent depends on your own country's rules, and they differ. Germany, the Netherlands and Spain each classify foreign partnerships in their own way. We confirm how your country treats the LLP before you form it, not after the first return.
Timeline
Indicative. Your plan gives the dates for your situation.
- Classification check
- Registered at Companies House
- LLP agreement signed
- Bank account live
Questions about UK LLP
Not listed? Ask it on your strategy call.
How is an LLP taxed?
The LLP itself pays no UK tax on its profit. Members are taxed on their share. Members not resident in the UK are generally only taxed in the UK on UK-source profit.
Can I form an LLP alone?
No. An LLP needs at least two designated members. One can be a company you own.
Why do banks look harder at LLPs?
UK LLPs with only foreign members were used in the past for opaque structures. A clear activity, real clients and transparent ownership solve most of it.
LLP or Ltd?
An LLP when you have partners and want profit taxed only in your hands. A Ltd when you want to retain profit in the company or take investors.
Often combined with
Most structures use more than one country or company.
Know in one call which structure fits you
You speak directly with an advisor. You get an honest answer, including when that answer is to stay where you are.
- Free, with no obligation
- Pick a time that suits you, straight in the calendar
- A written structure plan with a fixed fee
Your first call
Quint van Rijswijck
Manager Client Relations
Book a strategy call
Opens Quint's calendar. Pick a time that suits you.