What type of legal entity should I set up in the UK?
There are four options when choosing a UK legal entity type and set up:
- An establishment (formerly called a branch)
- A limited company (LTD)
- A limited liability Partnership (LLP) or
- A PLC.
The establishment or PLC routes are rarely used.
Over 90% of UK legal entities are set up as a LTD, with some businesses, mainly financial services, going down the LLP route. The LLP route is chosen for the ease with which new equity partners can join a firm, these tend to be C-Suite executives.
Read more about how we support International industry at every stage of Entering the UK Market business journey. As always, please feel free to get in touch with me to discuss your own business situation.
Gerry Collins
Further Reading
You may also find the information in these articles useful for the stage of your business
Are there any critical timing issues to consider when setting up a business in the UK?
Are there any financial audit obligations for a new UK entity?
Are there any import implications of Brexit that I need to consider?
How do I start a business in the UK?
What are the admin procedures for running a UK business payroll?
What tax registrations do I need to consider when starting up a UK business?
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