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Home - Help - Your Guide to Setting up a Limited Liability Partnership LLP

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Your Guide to Setting up a Limited Liability Partnership LLP



LLP Limited Liability Partnership

LLP Introduction


A Limited Liability Partnership has many similarities with a standard incorporated company however it can adopt the organisational flexibility and tax requirements typical of a non limited partnership. An LLP will not have directors or shareholders just members. The LLP should have a partnership agreement in place that will set forth the terms of the agreement.


Setting up an LLP Company (Start Here!)



OK to setup an LLP company you will need to complete form LLP2. Click below to download a copy direct from Companies House.

Download the LLP2 Form


The LLP2 form must be completed and signed by the members. For your convenience we have included some guidance for completing the LLP2 form here.

LLP2 Completion Notes >>

Once you have completed and signed form LLP2 then you will need to create your partnership agreement.

The Limited Liability Partnership Agreement


As a company formation agent we are able to provide a professional LLP Agreement. This document will provide a legal framework that stipulates the duties and general conduct of the company members. Here are the key areas in the agreement:
  • Names and addresses of the current members
  • Registered office location
  • General business activities the LLP will engage in
  • When the agreement will commence and for how long
  • Filing of accounts
  • Banking arrangements
  • Invested capital
  • Division of profits and losses
  • Drawings
  • Members duties
  • Holiday entitlement
  • Decision making procedures
  • Resitrictions and conduct
  • Resignation of members
  • Indemnity
  • Winding up procedures
  • Arbitration


The limited liability partnership agreement can be downloaded from our website and used in conjunction with this guide.

Click here to download the LLP Agreement £29.99 + vat

For guidance on completing the LLP Agreement please refer to our LLP Agreement Guide.

LLP Agreement Completion Guide >>

Finalising your Application


Once you have completed and signed form LLP2 and the Partnership Agreement has also been customised and signed by each member then form LLP2 must be sent to Companies House.

Please include a fee of £20 payable to Companies House. The LLP2 form should then be sent to the address indicated on the form dependant on whether the company will be in England and Wales or Scotland.

How long will it take to get a Certificate?


Once you have sent off form LLP2 then it will normally take 5 working days to get a company incorporation certificate. The incorporation certificate will include your unique registration number then off you go!

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