UK Limited Liability Partnership

General Information

• Type of Entity - Limited Liability Partnership (LLP)
• Legislation - Common Law
• Company name - Non-English company names are allowed
• Time-scale for incorporation - same day
• Change in domicile  is not permitted
• Double tax treaties currently over 120 countries
• Shelf companies are available
• Taxation on profits - 28% (21% if falls under "small companies" category)

Local Requirements

• Registered Office is required
• Company Secretary is NOT required
• Local or qualified secretary is not required
• Local directors are not required
• Public recording of shareholders is required

Corporate Requirements

• Minimum number of shareholders - Two (2)
• Minimum number of directors - N/A
• Minimum capital requirement - None

Annual Requirements

• It is a requirement to prepare and file accounts
• It is a requirement for audited accounts except for small entities
• Accounts are public accessible
• It is a requirement to file annual return
• The minimum government fees are GBP15 when filed online or GBP30 if submitted by post