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Dear Clients,
Please find below information about our opening times during the Christmas period.
During the festive period, our offices we will be closed from 2pm on Monday (24.12) till 9:30am on Monday (31.12) when we will re-open. We will be also closed on Tuesday (1.01) for the UK bank holiday. Within this time, there will be no over-the-phone or LiveChat support. Orders for company registration will be processed on the 27th and the 28th, on these days there will also be limited email support. Our office re-opens for business as usual from Wednesday (2.01.2019) Please accept our best wishes of peace and love, health and prosperity.
Have a Merry Christmas and a Happy New Year!
From the Coddan team.
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Coddan CPM Ltd. – Company Registration Agent in the UK
Home LLP & Limited Partnerships Dormant LLP Benefits or Buy a Dormant Partnership Setting-Up a Dormant LLP

Setting-Up a Dormant LLP

Main uses of a dormant limited liability partnership

Setting-up a dormant LLP and main uses of a dormant LLP: our dormant LLP set-up package is ideal for UK and international customers, who will use a dormant LLP for the following purpose(s): -

1. To protect a business name, or to be the owner of the domain name(s)
2. To own an asset such as land or intellectual property
3. To hold shares of other companies' shares (including business entities registered in other countries)
4. To use an entity as the management partnership (property or business management purpose)
5. To use a dormant entity as the corporate director, shareholder, or as the secretary in other companies

If your LLP partnership is not yet active - in other words, it is not yet carrying on business activity or trading - you will need to tell HMRC when it does become active.

Our dormant LLP start-up package ensures you meet the statutory obligations as a member of the dormant limited liability partnership with the tax authorities and all governing bodies.

Government & legal regulations are strict, however, many people mistakenly think they can just setting up a dormant LLP and leave it. Fines, penalties and charges are substantial for failure to submit annual returns & annual accounts, in the event that the Company's Registrar decides to strike-off an LLP, can create negative records for designated members at Companies House.

Coddan can manage the completely new dormant LLP set-up & post-incorporation services, to ensure that you will have no unforeseen personal liabilities and personal risks. Our comprehensive starting up service covers the initial setting-up of the dormant limited liability partnership or start-up a non-trading partnership, including the government incorporation fee, provision of the registered office address at Baker Street in London, and much more. Should you need further information or assistance how to set-up an LLP in the UK, kindly contact us by phone or e-mail.

Please be reminded that failed to file your LLP account by the deadline given by Companies House, your LLP must pay late filing penalty: -

  • Not more than 1 month £150.00
  • More than 1 month but not more than 3 months £375.00
  • More than 3 months but not more than 6 months £750.00
  • More than 6 months £1,500

Failure to file accounts is a criminal offence which can result in the designated members being fined personally in the criminal courts. In addition, the registrar may take steps to strike the LLP off the public record. Failure to pay a late filing penalty can result in enforcement proceedings. If you need to set-up a dormant LLP, we can do it for you within one business day.

That means that the late filing penalty can costs you £1,500, does it make any sense that you will pay us £300.00 for setting up a dormant LLP, and one year after, you will pay £350.00 for the maintenance of a dormant LLP?

If the annual account & annual return will not be filed by us for any reason on time (except if you have not paid us for the renewal services), and late penalties occur, we pay them, not you!