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Sarah Sutherland

Background

The Limited Liability Partnership (“LLP”) was created by an Act of Parliament in 2000. Traditionally, partnerships in UK meant either all partners were jointly and severally liable for debts or were limited where at least one partner was unlimited but the other partners had limited liability.

Zetland Services (UK) Limited

  1. Formation of Limited Liability Partnerships and Limited Liability Companies
  2. Solutions for Resident Non-Domiciles
  3. Bank Account Opening and Operation
  4. Company Administration
  5. Accounting and Tax
  6. Holding, Maintenance and Administration of Investments in Client Companies
  7. Local and Offshore Solutions

ADVANTAGES OF A LLP

A UK LLP must be a commercial venture operating for profit and is formed when two or more legal persons (i.e. individuals or companies) enter into an agreement and make the necessary filings. Advantages include:

  • The LLP is a bona-fide UK legal entity with a registered office address
  • The Partnership Agreement is not filed publicly and remains private
  • Bank accounts may be opened in the UK in the name of the LLP
  • The LLP is not taxed itself; any UK taxable profits are attributed to members
  • The LLP may conduct its business unconstrained by the Companies Act or Articles of Association
  • An LLP may register for Value Added Tax (“VAT”)

Zetland Fiduciary Group Limited

Worldwide Offices

HONG KONG

Zetland Corporate Services Limited

8/F, On Hing Building, 1 On Hing Terrace, Central, Hong Kong

+852 3552 9085

+852 2140 6833

hongkong@zetland.biz

SHANGHAI

Zetland Corporate Services (Shanghai) Co., LTD

13F, Shanghai Ind'l Investment Bldg. , 18 Cao Xi Bei Rd, Shanghai 200030 China

+86 21 64272930

+86 21 6468 6478

shanghai@zetland.biz

BEIJING

Zetland Corporate Services Limited

Room 405, Block A Grand Pacific Building, No.8A Guanghua Road, Chaoyang District, Beijing, China

(86) 10 6567 0676 Ext.22

(86) 10 6567 0623

beijing@zetland.biz

SINGAPORE

Zetland Corporate Services Pte Limited

137 Market Street, #04-01 Singapore, 048943

+65 6557 2071

+65 6557 0617

singapore@zetland.biz

BELIZE

Zetland Corporate Services (Belize)

PO Box 2020, Mile 1 Philip Goldson Highway, Belize City, Belize

+501 223 1037

+501 223 1045

belize@zetland.biz

LONDON

Zetland Services (UK) Limited

6 Porter Street, London W1U 6DD, United Kingdom

 

 

london@zetland.biz