Bizserve Consultants offers company registration, trust formation, bank account opening, office provision and other professional services in Cyprus, the United Kingdom, BVI, UAE, Seychelles and other jurisdictions

UK LIMITED LIABILITY PARTNERSHIP (LLP)

Limited liability partnership (LLP) is a legal entity which offers low or no-taxation to businessmen. LLP combines the flexibility and tax – benefits of a partnership while at the same its members have limited liability. This limited liability is possible because a UK LLP is a legal entity separated from its members.

 A UK – LLP Company is attractive because of:

  • Liability is Limited by the amount of capital contributed
  • There are no regulations on share capital — no shares, no minimum set for capital contribution
  • The partners in an UK LLP are called members not partners
  • All the members of an LLP have limited liability for the debts and obligations of the LLP, whereas the general partners of a Limited Partnership have unlimited liability on a joint and several basis.
  • Partnership Agreements are not available to general public
  • The members of an LLP can be given full powers of management. In contrast, the limited partners of a Limited Partnership lose their limited liability if they become involved in the management of the Limited Partnership’s business
  • Accounts and Annual return must be filed together with various other returns
  • Not required to hold, maintain and record details of the Members meetings
  • Tax: Treated as an ordinary partnership, partners pay income tax on their share of the profits; they pay capital gains tax on any revenue made on the sale of partnership assets.

 

Bizserve Consultants can offer the following services:

  •     Formation of the compan
  •     Provision of registered office in UK
  •     Provision of director services
  •     Provision of Branch Representative in Cyprus
  •     Provision of nominee shareholders (if requested and/or required)

Relevant information for UK company formation

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