Partnerships and LLP

A partnership is a for-profit business association of two or more parties, known as partners, who agree to cooperate for their mutual benefits. The partners in a partnership may be individuals, groups of individuals, companies, and corporations. Each partner shares the organization’s profits and control of the business operation. The consequence of this profit sharing is that these partners are, jointly and independently liable for the partnership’s debts.

 

A partnership is a good option for starting a business because two or more partners will contribute with ideas, work load and will encourage each other for achieving high targets.

Our fixed fee partnership package includes:

 

  • Partnership annual accounts (Profit & Loss)
  • Partnership tax return
  • Two fully completed self assessment returns
  • Calculation of your tax position and suggestions on how to reduce your tax bill
  • We will deal with HMRC on your behalf
  • Tax advice throughout the year

 

Please contact us for a free no obligation meeting or quotation.

 

Limited Liability Partnerships (LLP)

 

A Limited Liability Partnership is structured very similar to a partnership but has the added benefit of limited liability. This means the partners in anLLPare not personally liable for debts the business can�t pay – their liability is limited to the amount of money they invest in the business.

 

Our fixed LLP package includes:

  • Full set of LLP annual accounts (Profit & Loss, Balance Sheet and notes)
  • Submission of the accounts to Companies House
  • Partnership tax return
  • Two fully completed self assessment tax returns
  • Calculation of your tax position and suggestions on how to reduce your tax bill
  • Filing of tax return with HMRC
  • We will deal with HMRC on your behalf
  • Tax advice throughout the year

 

To obtain a no obligation quote, simply complete your contact details here and we will be in contact to discuss your requirements. Alternatively complete the Quotation page and we will be in touch