Limited Liability Partnership Accounting Services

We understand the needs of Limited Liability Partnerships, and we’ll support you every step of the way. It does not matter if you are an electrician, gas engineer, plumber, builder, law firm, florist, financial institution, catering company, events company, retail or wholesale business, restaurant or manufacturing company we have the limited liability partnership accountant and limited liability partnership accounting package for you from as little as £40 per month.

Limited Liability Partnership Accounting

Why use Accounting Wise for your Limited Liability Partnership Accounting?

Online Accountant

Your Own Dedicated Limited Liability Partnership Accountant

When you join us, you will receive your very own dedicated limited liability partnership accountant. Our fully qualified and friendly team will be on hand to help you throughout the year for all your financial queries.

Leading Accounting Software

Leading Accounting Software

You are provided with leading accounting software which will help reduce the time it takes to – provide quotes and invoices to customers, chase payments, and monitor outstanding balances.

Tailored Service

Tailored Services

Tax & Accounting packages tailored to suit your business. We are always straightforward in our services & pricing. We take care of your accounting and let you get on with making your business a success.

Unlimited Expert Advice

Unlimited Expert Advice

Your dedicated limited liability partnership accountant will always be on hand to answer any questions about your limited liability partnership. You can contact them via email, phone, live chat, Microsoft Teams or meet them in person.

Deadline Reminders

Regular Deadline Reminders

We send regular automated reminders to inform you of when your accounts and returns are due to be submitted, helping to ensure you never miss a deadline for your small business again.

We currently help over 500 individuals and businesses in the UK

Included in the Limited Liability Partnership Accounting Package

What is a Limited Liability Partnership?

LLP AccountingA Limited Liability Partnership (LLP) is an alternative legal structure that was introduced in 2001 by the LLP Act 2000. It is an ideal set-up for the types of professions that normally operate as a traditional partnership, such as solicitors, accountancy firms and dental practices.

An LLP shares the same characteristics as a normal partnership structure in terms of tax liability, internal management and the distribution of profits, but it provides reduced financial liability, or ‘limited liability’, to each partner.  Traditional partnerships place the full burden of business debts upon the partners. LLPs place reduced financial liability upon the partners, which is a more desirable option for many people. It is similar to the financial protection offered to limited company owners.

Limited Liability Partnership Accounting

A Limited Liability Partnership (LLP) is an alternative legal structure that was introduced in 2001 by the LLP Act 2000. It is an ideal set-up for the types of professions that normally operate as a traditional partnership, such as solicitors, accountancy firms and dental practices.

An LLP shares the same characteristics as a normal partnership structure in terms of tax liability, internal management and the distribution of profits, but it provides reduced financial liability, or ‘limited liability’, to each partner.  Traditional partnerships place the full burden of business debts upon the partners. LLPs place reduced financial liability upon the partners, which is a more desirable option for many people. It is similar to the financial protection offered to limited company owners.

Benefits of Being a Limited Liability Partnership

An LLP is a great alternate structure for any business that currently operates as a traditional partnership with a small and consistent number of members who each make comparable contributions and draw similar profits.

An LLP is also particularly beneficial if the activities of the partnership involve high-risk services, or there is a likelihood that claims for damages could be brought against the business. Furthermore, the flexibility offered from a partnership structure is often the determining factor for certain professions.

Talk to Accounting Wise today to find out which option is best suited to you and your business and to find our more about our limited liability partnership accounting package.

Our Accreditations

You can feel safe in the knowledge that we are experts in our field.

Our online accountants have a range of qualifications from the Association of Accounting Technicians (AAT), Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England and Wales (ICAEW). We are also an Institute of Certified Practising Accountants (ICPA) accredited firm, and a HMRC registered Agent.

ACCA
ICPA
AAT