Why to register an LLP in Liverpool? Historically, Liverpool was a hub of industry and famed as a hard-working and entrepreneurial city. With the decline of many traditional industrial industries and the growing power of the London as an international commercial and banking hub, a lot of business has been drawn away from northern cities like Liverpool.
However, in the last decade entrepreneurs have begun to recognise this as an advantage. Liverpool has all the benefits associated with setting up a business in the UK - the highly-educated population, the corporation tax benefits, the proximity to Europe and access to the EU market - but without the soaring property and salary costs associated with London and its surrounds.
Additionally, because the city's mayor and regulators are so eager to see Liverpool grow as a commercial city, there are a wide range of grants, tax exemptions and other benefits available to those who establish their companies in Liverpool. While these are available to non-UK residents, there are particularly lucrative incentives available to indigenous businesses, so Northerners should consider establishing their business locally.
Determining the best legal category for you (sole trader, PLC, LLP, etc.) is an essential part of setting up a business in the UK. This is a complicated incorporation process, and many business-owners find it too challenging to manage alone. It is wise to seek professional help, to avoid any unwanted tariffs or legal complications. Coddan Ltd registration agent offers straightforward limited liability partnership registrations in Liverpool, no-strings-attached LLP start-up packages for those who wish to register businesses in the UK.
This could include setting up an LLP with bank account to avoid costly money transfers. Coddan Ltd will help you find the best option for your business. Other services include the formation of a private limited company and limited liability partnership, the production of corporate documents in a professional format, and the registration of the LLP at a Liverpool address as an additional option to an LLP starting up.
If you want to register a limited liability partnership in Liverpool and register an LLP for VAT, Coddan Ltd can help you get up and running within hours. Unlike a limited company, a limited liability partnership only has to register for VAT number if it becomes apparent it will break the VAT threshold for the year. In short, an LLP treated like a partnership, or sole trader, in that it must only register for VAT if it breaks through the threshold amount. If so, Coddan Ltd can help with ongoing tax advice to ensure you keep as much of your money as possible and withdraw profits in a highly tax efficient manner.