Frequently Asked Questions
What is a limited liability partnership?
A limited liability partnership offers its members the security of limited financial liability with the more flexible internal structure offered by a traditional partnership.
Why should I choose to form an LLP?
A limited liability partnership is commonly used by industry professionals who normally work in partnerships, such as solicitors, architects and accountants, but who wish to protect their personal finances by way of limited liability.
Do I need to have a Partnership Agreement?
It is not a legal requirement to produce a Partnership Agreement, though it is recommended. This can help to prevent any disputes over partners' rights.
How many partners should an LLP have?
A limited liability partnership must have at least 2 members (partners) to be registered with Companies House. There is no upper limit to the number of partners an LLP can have.
What is the confirmation statement?
The confirmation statement is a document that must be filed annually, providing Companies House with up-to-date information about your company. This package includes the preparation and filing of your first confirmation statement.
Please note: This service is renewable every 12 months and does not include the Companies House filing fee of £34.00. At the time of filing your first confirmation statement, we will take payment of £34.00 using your payment card details securely stored in your account.
How do I open a business bank account?
During the company formation order process, you will be asked to select a business bank account referral from up to 7 of our banking partners, including Barclays, Natwest, Monzo, Tide and HSBC.
Once Companies House has accepted your company application, your chosen bank will contact you directly so you can open your business bank account.
All business bank accounts are subject to approval.