Nominee LLP Designated Member Service for Public Records for one year:
It is a perfectly legal device which preserves the privacy of an individual. It is designed to help a person who would rather not disclose their interest or association with a given corporate body (LLP).
The Nominee Member cannot and will not enter into any business contract or financial or moral commitment.
Coddan will act as Nominee LLP Designated Member for limited liability partnerships on an annual basis.
This service is primarily designed to help people keep non-trading or dormant LLPs fully compliant with the law and perhaps to protect the identities of the persons actually controlling the LLP.
At the same time the appointed nominees are not actually entitled to manage the LLP.
We provide the beneficial owner with a Power of Attorney empowering him to run the business, manage the LLP's activities and open and operate the LLP's bank accounts.
Nominee LLP Designated Member will only sign LLP accounts and annual returns prepared by the accountants of the LLP.
Economy Plan
£ 300.00
Renewal fees from £300
Nominee Designated Member For Trading Business LLP:
A nominee member serves as a proxy for the owner(s) of a LLP and acts on their behalf. The names of the LLP's beneficial owners are not disclosed to any third party.
Nominee members do not usually have an active role or function in the actual business of the LLP.
A nominee designated member is someone who in fact is renting his or her name to you. In other words, the name of this person is used and not yours for the incorporation documents.
Coddan will act as Nominee Designated Member for limited liability partnerships on an annual basis.
We provide the beneficial owner with a General Power of Attorney empowering him to run the business, manage the LLP's activities and open and operate the LLP's bank accounts.
We will also include pre-signed, undated letters of resignation from nominee member, plus Notarised and Apostilled copy of Nominee Member' passport.
Nominee Member will NOT be a signatory to the LLP bank account nor will run the LLP bank account on behalf of the LLP.
Premier Plan
£ 1500.00
Renewal fees from £1500
Nominee Member For Trading Companies:
Nominee Member would become part of the LLP day-to-day business.
In particular, Nominee Member would raise invoices, sign contracts and other business documentation.
Obviously, the Nominee Member would remain fully responsible to act only in accordance with the wishes of the owners of the LLP, insofar as they are legitimate.
Coddan will act as Nominee LLP Member for limited liability partnerships on an annual basis.
At this stage, the Nominee Member would also control over the bank account of the LLP (under a separate agreement we may provide this service to act as secondary signatory only, not the primary signatory).
It is the only truly effective solution to shield the beneficial owner of the LLP from any undesired link to the LLP.
Obviously, it is also the most costly one, because it would involve management fees based on time spent.
Legal Requirements
Nominee Membership How it Works:
Sometimes, for tax or other reasons a person does not wish to be seen as associated with a LLP, or be seen as a beneficiary of a LLP, Nominee Membership Service is the answer.
A nominee Member is someone who in fact is renting his or her name to you.
Nominee Member signs the LLP Agreement to form your entity.
The nominee will sign a General Power of Attorney document, which gives you full power to manage your LLP.
The nominee will give you his signed and undated letter of resignation document, which gives you the peace of mind that he can't act against you.
The above information is general and is intended as a summary only.
Clients should seek further clarification if required before deciding if they wish to engage nominee members.
We expressly reserve the right to provide this service to anyone for any reason.
Proposals to prevent tax loss, including through investment and property investment LLPs, and to confirm the general tax rules which ensure that Limited Liability Partnerships (LLPs) are taxed as partnerships were announced today. This builds on the proposals that were offered for comment in the Pre-Budget Report. The proposals will have effect from 6 April 2001 when LLPs become available.
Coddan was formed in 1993 by a group of well-qualified professionals whose complementary skills and long experience enable them to deliver quality service to local and international clients on the areas of registering and incorporating companies and partnerships, auditing, accounting, taxation, management consulting, corporate services, trust administration, offshore services, shipping insolvency and recovery.
During our firm's existence, our organisation has rapidly expanded its portfolio of international and local companies. This is a result of the quality service we offer and the trust our customers place on us. They are the best promoters of our organisation and thus our biggest source of new clients. We are dedicated to deliver quality and professional services to our clients to enable them to run their businesses more effectively and efficiently. Our aim is also to earn the confidence, respect, and trust of both our clients and the community.
LLP Formation Service
What does limited liability partnership stand for? What is the difference between an LLC and LLP? The LLP must have at least two members in the partnership, which can be resident anywhere in the world. The members can be natural persons or corporate bodies. A limited liability partnership is a relatively new creation that operates much like a limited partnership, but allows the members of the LLP to take an active role in the business of the partnership, without exposing them to personal liability for others' acts except to the extent of their investment in the LLP. All profits in a limited liability partnership are split between the members. The tax liability falls on the individual members, not the limited liability partnership itself. Most members are likely to be self-employed, so all income should be declared via self-assessment. We provide a fast online service for UK LLP registration, including incorporation in England, Wales, Scotland, and Northern Ireland. Choosing a structure for your business can be a confusing puzzling of terminologies. However, with this basic guide, you will be able to select the structure that will serve your business best at tax time. We would like to recommend you to get a professional legal and tax advice from one of our consultants before a final choice of business entity will be made. There are several types of legitimate commercial and non-commercial legal entities which you can choose to operate as. Find out the links below on the pros and cons of registering your business.
Coddan is one of the leading service providers in the field of English, Scottish, Wales and Northern Irish LLPs formation and registration. We can help you in starting a limited liability partnership in England & Wales Scotland, Northern Ireland and Republic of Ireland. Over 95% of our UK LLPs are incorporated within 4-6 hours. The electronic submission of information enables a fast limited liability partnership start-up satisfying all of the required legal formalities: a member, a designated member, and a registered office address. Our electronic filing software has been approved by Companies House. Companies House (Companies Registry, Secretary of State) is an executive agency of the United Kingdom Government Department of Trade and Industry (DTI).
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Our growth and success springs from customer trust and the setup of a highly motivated and skilled team within the UK and internationally oriented environment. Our success is evidenced by the remarkable growth experienced since our start and the good reputation our practice has gained in the United Kingdom and abroad. Our team of specialist professionals, organised in departments, grouping together all the necessary disciplines to ensure that a high quality service is provided to clients, suitably tailored to meet their particular requirements.
Our mission to assist our corporate and individual international clients achieve their business and financial objectives on a worldwide scale by offering high quality consultancy on international tax planning and other business related services. Our in-house team of senior consultants is made up of persons who have many years of relevant experience and are holders of widely recognised and respected educational and professional qualifications, ensuring that they have the necessary integrity, status, competence and practical ability to provide a high quality service.
Register a Limited liability Partnership Online - Why Work With Us?
We have the professional knowledge and qualifications;
We have the experience;
We have been in the business for over 13 years and we intend to stay for much longer;
We work in a confidential manner;
We are multilingual;
We offer a personal approach that is custom-designed to your requirements;
We are committed to our clients;
We are committed to providing high quality service;
We take our compliance and legal obligations seriously;
We respond very promptly to all enquiries and problems;
We are committed to helping you achieve your objectives.
If you do not need an advice or guidance how to register a limited liability partnership, you may simply place an order online with automatic e-mail confirmation, status updates, and e-mail notifications of filing status changes. Areas of our practice: -
Determination of the best business structure for tax purposes;
Formation of limited liability partnerships and companies;
Provision of the registered office addresses service;
Provision of the nominee officers (nominee members, nominee designated members/partners);
Registration of an LLP as the taxpayer;
Tax agent or fiscal representative service;
VAT registration and VAT management, UK tax representation services;
Registering and licensing copyrights, trademarks, design rights and patents;
Bookkeeping and preparation of management accounts;
Preparation and filling of statutory accounts;
Registration as a money service business;
Opening bank accounts (we work with several banks in the UK and offshore countries that offer different banking facilities);
Voluntary striking-off, dissolution and restoration of limited liability partnerships (LLP) to the register.
Registration of a Limited Liability Partnership: Further Details
LLPs have been developed to combine organisational flexibility with the benefits of limited liability, thus providing a modern alternative business structure. This is expected to be particularly attractive to professional partnerships. In order to ensure that the commercial choice between using a LLP or a partnership is not distorted, the LLP will in general be treated for tax purposes as a business carried on by partners in a partnership, rather than a body corporate.
To ensure that this new structure does not lead to tax loss when used as an alternative to existing business structures, legislation will be introduced to: define "investment LLP" and "property investment LLP", building on the current definition of "investment company". Remove exemptions for income and gains from property investment LLPs for pension funds, the pension business of life insurance companies and the tax exempt business of friendly societies where the income and gains are received in their capacity as a member of a property investment LLP. Remove interest relief for investments in investment LLPs so that individuals will not be able to claim tax relief for the interest paid on monies borrowed to invest in an investment LLP.
The Government will also bring forward any legislation necessary to ensure that LLPs are in general treated as partnerships for tax purposes. This will clarify the existing rules at section 118ZA ICTA 1988 and section 59A TCGA 1992 to ensure the rules fully achieve their purpose, and will confirm that the general tax treatment of LLPs carrying out a trade or profession is in accord with the guidance issued in Tax Bulletin in December 2000.
Incorporation of a Limited Liability Partnership: Background Notes
The legislative framework for LLPs is set out in the Limited Liability Partnership Act 2000. The Act introduced tax legislation to ensure that in general LLPs would be taxed as partnerships rather than as corporate bodies. During the passage of that Act, in response to concerns about the potential for tax loss, a review was announced into the taxation of LLPs.
Following this review, the Government confirmed, in the Pre-Budget Report news release issued on 8 November 2000 (Inland Revenue 5), that in general LLPs would be taxed as partnerships and invited comments on proposed rules to prevent tax loss. In deciding to proceed with the rules announced today, the Government took into consideration the comments which have been received and for which it is grateful.
Setting-Up an LLP: Live Help
You can chat with one of our advisors right now. Just click on the image to the left to start chatting. Live Help is a real time chat feature which enables you to interact with our customer service representative without a phone call. Get answers to your questions while using our web-site. Clicking the "Live Help" button will start an online session with one of our representatives. Live Help is currently available during normal business hours. Outside of the indicated below opening hours, our Live Help centre will be closed, when you click on the chat button, you will see an e-mail form that allows you to send us an e-mail request with your questions. Our Live Help is free, there are no hidden fees.
Our hours of operation are posted on the contact page at all times. Telephone and Live Chat assistance is only available during business hours.
Opening Hours
Monday - Friday: 9:30 a.m. to 18:00 p.m. Saturday: offices are closed Sunday: offices are closed Holidays: offices are closed on all recognised UK holidays.
Dear customers, ladies and gentlemen, while having a chat session with our visitors, we are frequently requested to give an advice on tax planning or business structuring, and we would like to inform you that it is against our principles to provide an online free advice pertaining to these issues.
The points and tips that can be covered during a chat session include: our packages, services description and charges, legal requirements to start-up a business (in the UK or offshore), bank account arrangements, trademark registration, post incorporation services, notaries, consulate or apostille legalisation and other authentication services, documentation preparation and filing, mail forwarding overseas, telephone, fax and virtual office facilities, bookkeeping and accounting services, offshore incorporation service, ways to place an order, methods of payment etc.
If you wish us to provide you an advice or recommendations on tax savings and tax minimisation, or corporate business structuring methods, you should be aware that this service has chargeable elements.
Register an LLP with Coddan Online: Money and Payment Policy
Coddan accepts all major currencies; we accept Visa, Visa Electron, Visa Purchasing, JCB, MasterCard, Maestro, Solo, and Delta, we also accept cheques (may be held 10 days to clear) or cash deposit, and bank transfers from anywhere to our bank accounts. After you place an order, details about the banking transfer will be e-mailed to you on the second e-mail notification. If you missed that e-mail, please call our phone number that is given on the order confirmation. The customer is responsible for the reimbursement of any bank wire transfer payments.
Our credit card payment processing is by WorldPay - an important part of The Royal Bank of Scotland Group, the 5th biggest banking group in the world. We do not charge surcharges for the debit and credit card transactions. Credit or debit card payment is now authorised online in real time. You will be informed immediately if your credit or debit card is declined. If declined, you may check the accuracy of the card number and expiration date, or choose a different card to try.
We need to receive a payment before we can proceed with a new company formation. For regular or corporate clients, we can open a professional credit account. However, this benefit cannot be provided to a new customer, who never placed orders with us.
If you do not feel comfortable transmitting your credit card details on the Internet, we suggest you place an order online, choose the option "Credit Card via the Phone" as the payment method, and then phone in to give us your credit card number over the phone. We will charge your credit card manually. We can also accept credit or debit card payments by fax, to do so, we will e-mail you a credit or debit card authorisation form, and you will need to print out the form, complete the details by hand and send it to us by fax to: + 44 (0) 207.504.3531.
Check Your Order Status
£ 125.00
Nominee LLP Designated Member Service for Public Records for one year:
It is a perfectly legal device which preserves the privacy of an individual. It is designed to help a person who would rather not disclose their interest or association with a given corporate body (LLP).
