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Mint Formations

International customers - Limited liability partnership company formation package £199

Who is this package suitable for?

This package is suitable for our international customers (non-UK residents) who wants to form a limited liability partnership company in the UK. This package includes registered office address and virtual business address for you and so you can register your limited liability partnership company from wherever you are.

What is a limited liability partnership?

The Limited Liability Partnership (LLP) is a form of registered company created to enable professionals such as accountants, architects, solicitors and various types of medical practitioners in partnership to take advantage of limited liability it offers to its partners.

What type of businesses usually operate as LLP?

Limited Liability Partnerships are typically formed by professionals such as accountants, architects, solicitors and various types of medical practitioners. When restrictions are imposed by professional associations to operate as a limited company, they choose to operate as an LLP. Traditionally they used to operate as partnerships, but nowadays register as LLP’s. Many family owned firms also use the LLP model to take some specific advantages of operating as LLP. If you have specific questions on tax implications and benefits, please seek advice from a tax consultant.

What are the basic requirements to form an LLP?

  • Have a registered address (also known as your principal place of business)
  • An LLP must have at least 2 members (partners) and no upper limits to number of partners
  • Appoint general and limited partners
  • Register with Companies House

Who are the officers of an LLP?

A limited liability partnership does not have directors or a secretary as in a limited company. An LLP must have at least one ‘general partner’ and one ‘limited partner’. General and limited partners have different responsibilities and levels of liability for any debts the business can’t pay. All partners pay tax on their share of the profits.

What is the advantage of forming LLP?

When you register as a Limited Liability Partnership (LLP) the members (partners) can protect their private assets. If the business fails, the partners only lose the money they have invested in the partnership and their private assets will stay secure. On the other hand, if something goes wrong in an unregistered partnership, ALL or ANY partners can be held liable for the debts of other partners.

What are the statutory responsibilities of an LLP?

  • An LLP must maintain statutory registers (ex: register of LLP members and PSC register)
  • Must file accounts
  • Must trade and cannot be registered as dormant
  • Must file a confirmation statement with Companies House
  • Must exist until it is formally terminated (via dissolution or a similar process)

How long does it take to register an LLP?

Our LLP formation process is online, and it is very quick. Typically, we will register your LLP within 3-6 hours. However, this registration time can vary as per Companies House workload on the day you register.

Will my choice of LLP or LTD depends on whether we employ others?

If your business has two or three members who make similar contributions, draw similar salaries and likely to remain so, then LLP option might probably be more efficient. If you are likely to employ people and their payroll is likely to be higher than owners’ salary, a limited company might suit you better. Please seek advice with a tax consultant and discuss your options.

How does partnership work in an LLP?

Partners’ responsibilities

You must have at least one ‘general partner’ and one ‘limited partner’ - a partner can be an individual or a company.What type of partner you are makes a difference to:

  • your liability for the partnership’s debts
  • your responsibilities

You can’t be a general and a limited partner at the same time.All partners are equally responsible for any debts or obligations until the partnership has been registered.

Limited partners

As a limited partner you:

  • Contribute an amount of money or property to the business when it’s set up
  • Are only liable for debts up to the amount you’ve contributed
  • Can’t manage the business
  • Can’t remove your original contribution
  • You must register for Self-assessment with HM Revenue and Customs (HMRC).

General partners

As a general partner you:

  • Are liable for any debts the business can’t pay
  • Control and manage the business
  • Can make irreversible (‘binding’) decisions for the business
  • Can apply for your business to act as an authorised contractual scheme (ACS)

You must:

  • Register the business with Companies House
  • Register the business for Self-assessment with HMRC - you must also register separately as an individual
  • Register the business for VAT if you expect sales to be more than £85,000 a year
  • Act for the business if it’s wound up and dissolved
  • You may have to send accounts to Companies House if the general partner is a limited company.

Is a formal partnership agreement required for an LLP?

It is not a legal requirement to have a partnership agreement. However, it is highly recommended. This will help to prevent any partnership disputes in future.

What’s included in this package?

  • Limited liability partnership company
  • Companies house filing fee
  • Email copy of certificate of incorporation
  • Email copy of draft LLP agreement
  • Email copy of company register with first entries
  • Registered office address service
  • Directors address service
  • Business address service (with mail forwarding)
  • Help with opening business bank account (optional)
  • Online company manager
  • Maintain statutory books
  • Printed certificate of incorporation (Free International courier delivery)
  • Printed copies of draft LLP agreement
  • Confirmation statement (previouslycalled as annual return)
  • Free consultation with chartered accountant
  • Free lifetime customer support
  • Pre-submission review
  • Dedicated personal manager support
  • International courier delivery

Limited liability partnership - £199

Register your limited liability partnership company from anywhere in the world with complete confidence.

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We our customers. Our customers us too.

Your process was quick, easy to follow and very professional. Even though we did everything over the phone and chat on your website and email, I have to say it feels like I've met you all in person because of all the care and consideration shown. I can't thank you enough and you absolutely have my 100% recommendation.

Alan Douglas

We used Mint Formations to open our UK based business while we were based in South Africa. The process was incredibly fast and efficient with great communications throughout the process. We would highly recommend anyone use Mint Formations to open their UK business and with help in opening your UK business bank accounts.

Gavin Mannion

Initially, I was very hesitant to register my new limited company from online website. I chose Mint because of their highly professional website. I am glad I did as the staff were very polite, professional and exceptionally helpful. They managed to register my company same day and sent me all the paperwork saving me a lot of time.

Jessica Bingham

I live in Holland. I went to the Companies House website and downloaded the application. There was so much to fill and many questions. I was worried about making mistakes. So, I searched Google and found Mint who does everything online. They have a very easy to use Website with clear instructions. I completed my application in the night and the next my new company was formed. Simple and quick.

Lucas Jansen

I was thinking of using a lawyer or an accountant to form my new UK company. Then I found Mint website online and spoke to Kate. It immediately became clear that I need not waste my money with a lawyer. I made an online application and received all my official paperwork in an email the following day.

James Tomblin

I was not sure how to deal with company formation as this is my first experience in starting my own business. A friend of mine recommended Mint and he was right. They made it really simple for me and answered all my questions with patience and help me set it up. I would recommend Mint to anyone who is starting a new business.

Robert Gray

Prefer a personal manager to register your company on your behalf?

Worried about making mistakes? Not comfortable doing it yourself? We offer UK company formation service with a dedicated personal manager. Your personal manager will collect the details from you via email and register your new company the correct way. Please fill in your details and we will contact you.

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