Limited Liability Partnership - EU Trading through a UK LLP

Top trading groups often trade through an LLP limited liability partnership. This followed the move to using LLC's for world professional trading groups.

There is no restriction on who the partners are allowed to be, and in many cases a key partner is in a low tax country.

The LLP is usually not taxed, as the partners are taxed on their respective shares of any profits or capital gains.

Many structures are possible, but need to be discussed with us, before you contract a package to check whether it will achieve the tax objective you seek.

A simple package is illustrated below:

• LLP formation
• Formation of a UK company as a managing partner
• Formation of (for example) a Nevada LLC as an 'offshore' partner