Setup assessment: UK

Which UK vehicle fits, a company or something else?

The UK offers several vehicles, and the choice is which one matches how the owners want to share profit, responsibility and control. We assess that against your plan before you commit to registering anything. The company-versus-LLP comparison is on the Ltd vs LLP page; this page covers the wider choice of vehicle.

Vehicle choiceOwnersProfit sharingPublic register
The question

Pick the vehicle by how owners relate to each other

A sole founder and a group of professionals do not need the same thing. The first may want a simple, single-owner company; the second may be weighing a members' vehicle as well as a company. The assessment starts from that relationship and then looks at the vehicle.

It is analysis for a decision, not an opinion on UK law.

What the sources establish

What the sources say about the vehicle menu

These sourced facts bear on which vehicles are on the menu; the choice is yours with a local professional. How a company compares with an LLP is covered on the Ltd vs LLP page.

01

Limited liability partnership

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

Limited partnership

A UK limited partnership needs at least one general partner and at least one limited partner; each may be an individual or a company, but nobody can be both a general and a limited partner at once.

03

Public details of directors

Directors' names and personal information are publicly available from Companies House, and each director must give a service address that is also public; a home address used as service address can be requested to be removed from the register.

Sources

Where this comes from.

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

Set up and run a limited partnership — GOV.UK / Companies House. Source language: English.

Appoint directors and a company secretary — GOV.UK / Companies House. Source language: English.

Facts reviewed 2026-09-28.

Owner relationships and the vehicle question

Owner relationships and the vehicle question

One founder, one product

Simplicity and clear ownership come first. The assessment asks whether a single-owner company covers the plan or a second person is needed.

Two or more professionals sharing profit

How profit and responsibility are shared is the centre of the matter. The assessment asks whether a company or a members' vehicle is closer to what they want.

An investor and an operator

Control and capital pull in different directions. The assessment asks which vehicle lets the two roles stay separate without confusion.

What the menu changes

What the menu changes

Roles inside a limited partnership

The assessment asks which of your owners would take which role, and what each role would mean in practice. The legal consequences are for a UK lawyer.

Who is comfortable being visible

The assessment asks each owner what they are willing to have on record, and lists what to discuss with a UK adviser if the answer is no.

Taxation depends on the chosen vehicle and the owners' own position; we state the question, not the result.

Beyond a company or an LLP

Beyond a company or an LLP

A wider menu

The assessment also asks whether a limited partnership or a simpler arrangement fits, and lists what a UK professional must confirm for each.

The service

Company Setup Assessment

Who it is for
Founders and owners deciding whether, where and how to set up a company
The problem it solves
It is unclear which structure fits the business, who should own it and what to check before registering
What we need from you
  • what the business does and sells
  • where the owners live and are tax-resident
  • where customers and suppliers are
  • how payments will flow
How it works
  • intake questions
  • LATYNEX reviews the case
  • written assessment
  • short call to walk through it
What you receive
A written assessment of the realistic structure options, the main risks and the questions still open, with recommended next steps
Included
  • review of the business model and ownership
  • comparison of realistic jurisdictions and structures
  • main risks and open questions
  • recommended next steps
Not included
  • legal or tax opinions
  • the company registration itself, which is a separate service
  • guarantees about banking or provider decisions
Timing
Confirmed when your request is accepted.
What LATYNEX does
  • review the case
  • compare the options
  • write the assessment
  • explain it on a call
Price
Confirmed when your request is accepted.
Good to know

What this is, and isn't

This is business and structuring analysis, not legal, tax or investment advice. Where a legal or tax opinion is needed, we say so and point you to a licensed adviser.

FAQ

Frequently asked questions

Does the choice of vehicle commit me to registering?+

You can stop after the assessment; registering is a different service.

Does the assessment cover what a director must disclose?+

It raises the question with each owner; what applies is for a UK adviser to confirm.

Will it recommend a vehicle?+

It compares realistic options against your facts, states the trade-offs and states which direction fits the picture you gave us, with open points marked for a UK professional.

Request

Tell us what you need.

No obligation. We read your request and reply with a straight answer.

Consulting

Get an independent view before you commit.

Describe your plan and your constraints. We reply with what we would look at first.

Request an assessment