UK Limited Liability Partnerships and Taxation

Limited Liability Partnerships and Taxation


UK Limited Liability Partnerships were first introduced to UK and non UK residents in 2001. A limited liability partnership (LLP) is formed under the Limited Liability Partnerships Act (LLPA) 2000.  A LLP is similar to a partnership, but the main difference is only the LLP itself is liable for the debts of the partnership.

The LLP must be registered at Companies House and is obliged to produce and file annual financial statements.  The rules regarding accounts and audit are similar to those that apply to private limited companies.

A LLP is given separate legal personality by LLPA 2000 and must have at least two, formally appointed, designated members (partners) at all times.  The minimum capital contribution is £ 2.

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Business Atrium new office at LMO

Our new office

The new office of Business Atrium Limited is located in an iconic Grade II listed building. This historic building has undergone a transformation from a Town Hall and Leytom Municipal offices into a business centre. It is 2 minutes walk from Leyton tube station, on the Central line. Leyton is 12 minutes from Liverpool Street station and 21 minutes from Tottenham Court Road.

How to get there:

By Tube:

Leyton Underground station is the next after Stratford, the home of Olympics 2012. When exiting the station, come up the stairs and turn right. The building is located 100 metres down Leyton High Road, on the left-hand side. Ours is the second entrance from Adelaide Road.

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Business Atrium Limited - press release

Press Release 25 May 2011: Business Atrium Launches New Solution

LONDON, May 25, 2011 – announced today is the launch of Business Atrium – an accounting and business advice firm that offers integrated accounting, administration and technology services to new and existing businesses worldwide.

“Our approach ensures that your business has controlled finances, optimised administration and organised information, ” said Pavel Sizov, Director at Business Atrium. ” Our expertise includes advising entrepreneurs, supporting startups, helping existing businesses and troubleshooting problems. We take real pride in delivering honest accounting and business advice in plain, simple language that you will understand. No jargon, no buzzwords and no ‘latest management gimmicks’.”

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