Set up a social enterprise

Think carefully about which structure best suits the way that you intend to do business. The structure will affect your financial liability, tax and National Insurance and the ways your business can raise money.

This guide explains what a limited partnership is, and how it can be created. It explains why limited partnerships must be registered with Companies House and how they are treated for tax purposes.

Limited liability partnerships (LLPs) offers reduced personal responsibility for business debts and are designed to be used by profit-making businesses.