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A lawful shared practice with at least two prospective members, defined services and locations, settled control and economics, evidenced credentials and separately cleared entity permission, PII and operational requirements.
Professional Practice LLP for UK Firms.
Establish a proposed LLP for a professionally cleared practice, define its services, jurisdiction, members and governance requirements and follow the appropriate formation and support route for the firm.
Explore the Professional Practice LLP Route
Start by defining the professional services, jurisdiction, participants and entity-level requirements of the proposed practice, then identify the appropriate LLP formation and governance route.
- Start with the defined professional services and practice scope, including the proposed business activity, jurisdiction, ownership, management and entity-level requirements.
- Identify the proposed members, designated members and Persons with Significant Control (PSC) position and establish the participant and control arrangements relevant to the LLP.
- Confirm the principal professional and governance requirements that must be addressed alongside incorporation, including matters such as professional authorisation, firm registration, practising status, professional indemnity insurance, client-money arrangements, banking and compliant client terms where applicable.
- Assess whether the proposed practice is sufficiently defined for the applicable LLP formation and governance route, particularly where professional, ownership, management or entity-level requirements remain unresolved.
- Prepare the practice facts, member information and authority evidence required for the accepted route, helping to reduce avoidable delays caused by incomplete or inconsistent information.
- Choose the appropriate level of formation, initial records, governance or first-year administration support once the proposed professional practice has been assessed and the applicable scope is accepted.
- Where the formation-only route is appropriate, Coddan's professional fee is £89 + VAT for the accepted LLP registration scope, subject to the applicable package conditions and member assumptions.
- The applicable Companies House filing fee is payable separately, with the standard software, same-day and paper filing routes subject to their respective official fees; any separately agreed paper-filing work remains subject to the applicable Coddan scope.
- Coddan CPM is an Authorised Corporate Service Provider (ACSP) and can provide professional assistance with the accepted LLP formation, initial records, governance and applicable first-year administration route; Companies House retains responsibility for statutory examination and registration decisions.
- Once the professional practice scope, jurisdiction, participants and structural requirements are established, proceed with the appropriate LLP route while keeping professional authorisation, firm registration, insurance, client-money, banking, tax, legal and other specialist requirements within their proper professional scope.
