Limited Liability Partnership FAQ's

The filing requirements of an LLP are akin to the requirements of a limited company. Each year, an LLP must file accounts and a confirmation statement with Companies House. The Members of an LLP are also obligated to submit a yearly tax return to HMRC. You can find more information on filing duties on our website.

LLP’s must have a minimum of two designated members at all times. Designated members enjoy the same rights and duties as any other member, however they are also laden with additional responsibility and legal obligations.

A Limited Liability Partnership (LLP) has a similar structure to a traditional partnership with the added benefit of limited liability.

LLP’s are often used by two or more people within a ‘profession’ that want protected liability.