Limited Liability Partnership (LLP) Company

Limited Liability Partnerships is similar in some ways to a standard Partnership, except that the individual members limit their liabilities which may arise from running the business.

An LLP Company has no Directors, Shareholders or Share Capital. Instead it is set up with members. The minimum requirement is two members.

 

There are advantages to incorporating an LLP Company. An LLP has many of the features of a normal partnership but it also offers a reduced personal responsibility for business debts.