Limited Liability Partnership (LLP) - Company Formation - UK Registration Services

Limited liability partnership allow members of the partnership - Note that participants are called members which is distinct from the usual name shareholders which is given to owners of a company, to enjoy the benefits of limited liability. Thus they are on par with their shareholder counterparts who have always been able to limit their personal exposure to the business' debt.

The Limited Liability Partnership laws and regulations do not permit the change from a limited company to a limited partnership. It is recommended that those wishing to take this course of action should contact us or the relevant department at Companies House.

Note: It is possible to change a private company to a public limited company. This is seen as a natural progression for a company as it grows and then wishes to have access to wider funding channels.

A number of professional practices who have traditionally been ordinary partnership such as accountants and solicitors have moved towards this kind of business structure.