What option should an LLP select when signing up to QuickFile?

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1

The options available are:

  • Limited Company
  • Partnership
  • Sole Trader
    *Charity (Limited)
    *Charity (Non Limited)

What should you use for an LLP? I am eager to get this right as the form advises that it cannot be changed later.

Thanks,

Marcus

2

I would set up a partnership account as that’s what a LLP is

3

Hi @Marcus1

You may find it beneficial to read this post that talks about how to set up a partnership in QuickFile: Using QuickFile for a LLP (limited liability partnership)

I hope this helps, but if you have any further questions, please don’t hesitate to ask.

4

I have been advised to select Limited Company as it allows the look up to Companies House to function during the sign up process.

5

That’s fine. However an LLP pays income tax on profit split. Ltd company would be set up to calculate corporation tax which isn’t correct.

In my opinion, you don’t need to look up any info on companies House for QF to function properly.

6

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