Home/Limited liability partnership
Register a limited liability partnership (LLP)
A partnership with limited liability: members share profits directly and are taxed as partners, while the LLP itself is a separate legal person.
Who it is for. Professional practices — solicitors, accountants, surveyors, consultancies — and any partnership that wants limited liability without corporation tax sitting between the business and the people in it.
What Companies House needs
- At least two members at incorporation
- At least two designated members, who carry the filing responsibilities
- A registered office in the jurisdiction of registration
- An LLP agreement — private, not filed, and the single most important document you will write
What this form gets wrong most often
- Profits are taxed in the members' hands
- The LLP itself does not pay corporation tax. Members are taxed on their profit share whether or not it is drawn, which is a cash-flow reality worth planning for.
- It needs two members, and it must keep two
- An LLP that runs with a single member for more than six months exposes that member to unlimited liability for debts incurred in that period.
- The agreement is not filed, and not optional in practice
- Without one, the default statutory rules apply: equal profit shares, no expulsion power, and no mechanism for a member leaving. Almost nobody actually wants that.
What has to be filed afterwards
- Confirmation statement every year
- Annual accounts to Companies House
- Each member files a self assessment return on their share of profit
- Identity verification for members and people with significant control
Questions
How is an LLP different from a limited company?
Can a company be a member of an LLP?
Do LLP accounts get published?
Limited liability partnership
£29.99 + VAT
plus £100 Companies House fee- Name ends in
- LLP, or Partneriaeth Atebolrwydd Cyfyngedig / PAC
- Jurisdictions
- England & Wales, Scotland, Northern Ireland
Full price list on the pricing page. Companies House sets and collects its own fee.
Other structures
Limited liability partnership enquiry
Tell us who is involved and what the organisation is meant to do. If a different structure fits better, we will say so before you pay for this one.
Limited liability partnership
Tell us what you are trying to do and we will reply with what is involved. No obligation, and we will say so plainly if what you need is not something we do.