Limited Liability Partnership (LLP) Registration

Overview:  Limited Liability Partnership (LLP) is a partnership incorporated by two or more members. The “designated members” oversee and manage the business while the other members do not take part in managing the business and only contribute the capital. The liability of members is limited to the amount of money they have invested in the business. Each member takes an equal share of the profits unless the members’ agreement specifies otherwise.

Purpose: Registration of Limited Liability Partnership (LLP)

Main specifications:

• a legal entity
• limited liability for members
• no minimum capital
• various types of capital contributions from each member (e.g. cash contribution, goods, labor)

Registering authority: the UK Trade Register

Term of registration: 2-3 working days

Personal presence: Optional

Conditions for registration:

• Designated Members – Minimum 2 (maximum – unlimited) natural/legal persons of any nationality/jurisdiction
• Registered office address in the UK

Required documents:

• Passport or European ID card (for all associated persons);
• Proof of residential address not older than 3 months (for all associated natural persons)
• Extract from the Trade Register not older than 3 months (for all associated legal persons)
• Document, authorizing to use of the registered office address (Copy of the Rental Agreement, Authorization Letter from the Owner, Certificate on Property)

Optional documents:

• Members Agreement