Business Accounts · LLPs

An LLP is not a Ltd: members, not shareholders.

A UK limited liability partnership is formed by members, at least two of them designated, and Companies House treats its filings and identity checks differently from a company's.

UKLLPsPrimary-sourced facts
In short

What the primary sources say.

How a UK LLP is set up, who must be designated and what Companies House expects of it.

What the sources establish

Each fact traced to a primary source.

01 · Legal form

A UK limited liability partnership (LLP) is set up with two or more members, who may be people or companies (corporate members). Members are taxed on their share of profits as in an ordinary partnership but are not personally liable for debts the business cannot pay.

02 · Legal form

An LLP must have at least two designated members at all times, who carry extra responsibilities; it may have any number of ordinary members.

03 · Legal form

GOV.UK advises LLP members to make an LLP agreement covering how profits are shared, who must agree decisions, members' responsibilities and how members join or leave.

04 · Legal form

Designated members of an LLP are responsible for keeping accounting records, preparing and filing annual accounts, sending the confirmation statement, telling Companies House about changes and acting if the LLP is wound up; they can be prosecuted for non-compliance.

05 · Legal form

An LLP must provide an appropriate registered office address in the UK, in the same UK country where it is registered, and a registered email address; a Royal Mail PO Box or equivalent cannot be used. A home address may be used but becomes public.

06 · Legal form

An LLP name must end in 'Limited Liability Partnership' or 'LLP' (Welsh equivalents are allowed for LLPs registered in Wales). An LLP can be registered directly or through a formation agent, and receives a certificate of incorporation.

07 · KYC/KYB

An LLP must tell Companies House about changes to its registered or alternative address, name, members' details and its people with significant control (or why that information is not available).

08 · KYC/KYB

Companies House identity verification covers directors and their equivalents, and GOV.UK lists members among the equivalents, so LLP members fall within the requirement. Verification for corporate members of LLPs is stated to come at a later date.

Sources

Checked against primary sources.

Set up and run a limited liability partnership (LLP) — GOV.UK / Companies House

Verifying your identity for Companies House — GOV.UK / Companies House

Fact sheet last reviewed 2026-09-28. Jurisdiction rules are confirmed against the sources above; a provider's own requirements differ and are confirmed by the provider.

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How many designated members does an LLP need?+

An LLP must have at least two designated members at all times, who carry extra responsibilities; it may have any number of ordinary members.

Do LLP members have to verify their identity with Companies House?+

Companies House identity verification covers directors and their equivalents, and GOV.UK lists members among the equivalents, so LLP members fall within the requirement. Verification for corporate members of LLPs is stated to come at a later date.

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