LLPs give you more protections than general partnerships — here’s how to set up both.
Setting Up a Business Partnership or LLP
Setting up a business partnership or LLP — FAQs
Is there anything we can't do with the company name?
Yes. Depending on the sort of partnership, there may be further limits on the name that may be used. If you’re forming a limited liability company or limited partnership, you can’t use the abbreviations “LLP” or “PLC” in the name.
Names cannot include certain words due to legal constraints. Unless there is an actual connection to the government or a relevant authority, the name must not imply such. The name can’t be similar to or include an existing trademark unless one of the partners already owns the brand. To aid, companies have provided incorporation and name advice in the form of “guides to incorporation” and “guidance on registration”.
Why do we need a registered mailing address?
Companies House will send official correspondence to the partnership’s registered address. A physical location in the same nation as where you formed your firm is all that’s required. You or your business partner’s home address is okay, but keep in mind that once registered with Companies House, it will be exposed to the public.
Who can form a business partnership?
Anyone over the age of 18 who is eligible to work in the United Kingdom may become a partner. One of the partners can also be a corporation.
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