Setting up a limited liability partnership in Liverpool online: LLPs are governed by a hybrid of company and partnership law and if the LLP has to wind up for any reason then the liability of the members is limited to their capital investment. It remains then, an attractive option for complex business structures, or even simpler ones where the investors wish to retain their own identity within the limited company structure and take advantage of many of the tax advantages afforded to the sole trader while protecting their assets.
For overseas clients, limited liability partnership set-up in Liverpool has a number of benefits as the limited liability partnership effectively becomes a legal entity that can do anything a person can, such as own property, borrow against it and secure a loan for any other purpose. The overseas clients can also conduct his business affairs through the LLP incorporation in Liverpool and withdraw profits in the most tax efficient manner possible.
In partnerships where one remains dormant, as in they are not actively involved in the running of the business on a day to day basis, the LLP can be an excellent vehicle as it limits their liability to the capital investment. In much, the same way as a global partner cannot be truly held liable for a partner's actions in another nation, so a dormant partner cannot be truly responsible for the actions of an active partner. The LLP protects their interests and prevents massive claims against the individual.
This makes it an attractive proposition for complex business structures, or even for simpler ones where the investors wish to retain their own unique identity within the business structure.
There are no significant set-up costs with an LLP, but, it is not always the best way to go for every concern. Some will be better served by setting up a much simpler register a limited company in Liverpool, but the LLP does have a number of clear advantages. If you need expert advice from LLP registration agent, or wish to set take advantage of the many benefits of setting up an LLP in Liverpool and take advantage of a registered office service in Liverpool, Coddan Ltd can help.
If you are locating or living in Liverpool, however for any particular business needs you would like to setting up an LLP outside of Liverpool, we can help you to form an LLP in London, or in create an LLP in Manchester, or even formation of an LLP in Scotland and forming an LLP in Northern Ireland.