Accountants for LLPs
Limited liability partnerships (LLPs) are a legal structure for a profit-making business that can offer an alternative to a traditional partnership or a limited company.
LLPs can be a good option for small businesses that are a partnership of professionals, such as solicitors, who all make similar contributions to the business and take home a similar level of profit. Each LLP member is self employed and must complete an annual tax return.
You can set up (‘incorporate’) a LLP to run a business with two or more members. A member can be a person or a company, known as a ‘corporate member’. Each member pays tax on their share of the profits but isn’t personally liable for any debts the business can’t pay.
We are happy to advise if a LLP would be the best option for your business. LLPs need to be registered at Companies House and we can support you through this process and manage all the filing and reporting requirements.
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“Sence Accounting came highly recommended to us and have proved why they have such a good reputation. Anna and the team have always been very helpful and guided us through anything we were not sure of. Amy comes to our office to carry out bookkeeping duties and is always professional and fits in well with our team. I would recommend Sence every time.”Mr KMCNovember 2019
“My business has changed considerably since joining Sence, during this period they have guided and supported us throughout this growth, critically advising us as our needs have changed. From tax planning, variance analysis and external payroll services there is a wealth of advice and support that we have used and will continue to draw upon.Mr XAugust 2019
We can't fault the professionalism and personal touch that Sence provides a business like ours and can highly recommend them to any business no matter how big or small they are.”
"One of the biggest positives for me about working with Sence is that I can trust them to do what’s right for me. I’m only a small business but they have my best interests at heart, nothing is too much trouble & there are no silly questions. I know that my accounts & self-assessment tax return will be filed in plenty of time. It is very clear that Anna & her team have a passion for helping businesses all shapes & sizes."Mrs LVMay 2020