If you plan to go into partnership, you may wish to consider limiting your personal liability for debts that might be accrued by the business. Find out more in Business Gateway’s free guide on how to set up and register a limited liability partnership.

The guide covers aspects from members’ rights and responsibilities to naming and tax considerations. It also recommends having a deed of partnership, which sets out how the LLP will be run and is a legally binding agreement between the partners.

Yes, if you are thinking about starting, or already run, a business in Scotland.

This is a free and impartial service.

Any group of two or more people planning to set up some form of partnership in Scotland.

It takes 6 minutes to learn how to set up and register a limited liability partnership.

Companies House will notify HM Revenue and Customs (HMRC) of your registered limited liability partnership for tax purposes. But each partner must also register individually with HMRC.

Visit the Business Gateway website for more advice on how to set up and register a limited liability partnership.