Additionally, an LLP must have a designated member who will be responsible for maintaining communications between the company and Companies House, the UK's official registrar. This designated member is responsible for preparing accounts and representing the interests of the LLP in case the company is wound down. The agents at BA Global Associates have dealt with the creation of many Limited Liability Partnerships and can quickly draft together a standard Deed of Partnership as well as set up a designated member.

Since all the profits in a LLP are distributed between its member partners, the individual partners of the company are responsible for all tax liabilities. Most individual partners should declare all income from the LLP via self-assessment since he or she most likely is self-employed. If an LLP member is another business, its income from the LLP will be assessed under corporation tax rules. LLP’s share the same VAT structure as other UK limited liability companies. BA Global Associates' London based accountants are always on hand to help you deal with the tax obligations as well as any VAT responsibilities of your Limited Liability Partnership.

Many people seem to think offshore companies as being based in sun drenched locales in the Caribbean or Mediterranean (St. Kitts, the Seychelles, the British Virgin Islands, Gibraltar), or as tiny sovereign entities scattered across mainland European (Monaco, Andorra, Liechtenstein and Luxembourg). They would be surprised to know that the United Kingdom is also one of the top destinations in the world for offshore companies. The UK, along with its tiny island dependencies of Jersey, Guernsey and the Isle of Man are increasingly viewed as highly desirable sites for setting up an offshore company. The UK has one of the lowest tax rates in Europe and the highest number of double taxation treaties in the world, and is also one of the great commercial and financial hubs of Europe.

Agencies like BA Global Associates make it easy and affordable to incorporate your business as a Limited Company, Holding Company, Guarantee Company, Public Limited Company or Limited Liability Partnership in the UK. You need not be a UK resident to take advantage of this amazing service, everything is done online and in certain cases a company can be registered and set-up in as little as a few hours after filing.