Describe the members and activity
Provide the proposed members, their residence and legal form, the services or goods sold and where decisions and work will take place.
LLP formation in the United Kingdom
Coordinate formation, the LLP agreement and recurring filings around the way your members will work and share profits.
Discuss my UK LLP
We can discuss the proposed members, how profits are shared and which registration and annual tasks need an agreed scope.
Agree how members resolve a disagreement
We form a UK LLP for GBP 1,500, with an annual fee of GBP 800. An LLP needs at least two members, and at least two of them must be designated members. Every year it files accounts and a confirmation statement with Companies House, which charges GBP 50 for a confirmation statement filed online.
A UK LLP lets two or more members run a business together. We help coordinate formation, with clear responsibilities for decisions, profit allocation and the filings that follow.
Last checked: 6 November 2026, Aleksandar
Fit, documents and risks
Our price list
- UK LLP
- Formation: GBP 1,500
Annual cost: GBP 800
Prices are stated in the currency of our price list. The formation price includes the first year of maintenance, so the annual fee applies from the second year.
Who it suits
- Two or more individuals or corporate members with a joint business purpose.
- Service businesses that need agreed profit-sharing and management arrangements.
- Members prepared to maintain public filings and obtain advice on their individual tax positions.
Documents to prepare
- Passport and proof of address for each member, with the identity checks Companies House currently requires.
- A draft LLP agreement covering contributions, profit shares, decisions and departures.
- The names of the designated members.
- For a corporate member: registry documents, signing authority and an ownership chart.
Common misconceptions
- One person can run an LLP alone. The formation route is for two or more members, with at least two designated members.
- Overseas members never pay UK tax. The activity, income source and place of work decide the UK position, and each member also reports where they are resident.
- A dormant LLP files nothing. LLPs file annual accounts, including dormant ones, subject to specific exemptions, as well as the confirmation statement.
Risks to plan for
- Disputes over drawings or departures when the LLP agreement is missing or vague.
- Late accounts or confirmation statements, which keep the public record out of date.
- Bank refusal where control, residence or activity are hard to explain.
Formation and the LLP agreement
Budget for accounts and annual filings
Formation is GBP 1,500 and the annual fee is GBP 800, in pounds as listed in our price list. The written offer states what the annual fee covers. Companies House charges GBP 50 for an online confirmation statement. Agreement drafting, account preparation and advice for corporate members or several countries are identified separately in the proposal.
Discuss my UK LLPOff-Shore.net, a service of Euro Commerce LLC, coordinates company formation, banking preparation and annual administration from contact offices in the United States and Serbia.Meet the people coordinating your case
Set the terms for joining and leaving
A registration form cannot resolve disagreements about drawings, authority or an outgoing member. Nor does a UK address determine the tax position of members living elsewhere. We help coordinate the formation around the questions that affect daily operation and the obligations designated members will be taking on.
Distinguish the LLP from other UK entities
An LLP is different from a limited partnership and a company limited by shares. Companies House guidance requires at least two designated members. Those members have added responsibilities for accounts, the confirmation statement and other filings. Choose the form because its governance suits the business.
Put membership terms in writing
The agreement should address contributions, profit allocation, decisions, admission of new members and departures. Corporate members require their own authority and ownership evidence. These details also help a bank understand who controls the LLP and who is authorised to operate its account.
Account for the annual work
UK LLPs generally need annual accounts and a confirmation statement, including when trading is limited or the entity is dormant. Ownership and control information must remain current. Have the UK and home-country tax positions reviewed so the reporting calendar includes the partnership and the relevant members.
Each partner’s country classifies LLP income
An internationally mobile partner should compare an LLP with the way each country of residence classifies partnership income. A UK registered office does not tell the bank where the partners actually work or who controls the funds.
The business behind the account
Your company- Owners
- Residence and who makes decisions
- Customers
- Where payments come from
- Suppliers
- Where the company sends money
- Activity
- What customers actually buy
Together, these facts explain why the company needs this account.
Questions from overseas LLP members
What does a UK LLP cost with you?
UK LLP formation is GBP 1,500 and the annual fee is GBP 800, both in pounds as listed in our price list. Account preparation and agreement drafting are identified separately in the offer.
What are the annual filings on the state side?
An LLP files annual accounts and a confirmation statement with Companies House. The confirmation statement costs GBP 50 online and GBP 110 on paper.
Can an LLP have a single member?
The formation route is intended for two or more members, with at least two designated members. If you are the sole owner of a business, compare the appropriate alternatives before arranging an artificial partnership.
Are profits automatically free of UK tax for overseas members?
No blanket result should be assumed. The business activity, income, members and where work takes place must be assessed. Each member also needs advice on their reporting and tax position where they are resident.
Do dormant LLPs need accounts?
Companies House guidance says LLPs must file annual accounts, including dormant LLPs, subject to specific statutory exemptions. Dormancy should be checked against the actual transactions rather than assumed because revenue is low.
Will the LLP automatically get a UK bank account?
No. The provider will assess the members, control, residence, activity and proposed transactions. Banking support is a separate service priced from EUR 300 to EUR 3,000, excluding bank deposits and the institution’s own fees. The bank decides on the account; our fee covers the agreed work.
How long does formation take?
It depends on the members’ identity checks and on how quickly the agreement and documents are ready. We confirm the timeline for your case in the offer.
How is my LLP profit share taxed at home?
It depends on your tax residence, where you and any staff do the work, and the rules of your country, including any rules on foreign companies. Your country may treat the LLP as transparent or as a company, which changes when and how the profit is taxed. Ask a tax adviser in your country of residence before the company starts invoicing.
Compare your next options.
Cyprus
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Scotland
Review management responsibility, limited-partner participation, ownership disclosure and banking before registration.
Banking preparation
Review the activity, ownership and payment flows an institution will need to understand.
Sources and further reading
Check the original requirements for your case. Rules, fees and provider policies can change.
Discuss your UK partnership
An LLP works through its members and the agreement between them. Clear roles, an appropriate account and assigned filing duties help make it manageable after formation. Share the proposed membership and activity so we can discuss the arrangement before you register.
Discuss my UK LLP