Business rates help and guidance
Guide
Set up a business partnership
Introduction
A business partnership is created when two or more people decide to go into business together.
There are three types of partnership:
- 'ordinary' partnerships
- limited partnerships
- limited liability partnerships (LLPs)
This guide outlines how to set up a business partnership, including choosing a name for your partnership, partner responsibilities and registering your partnership with Companies House.
Part of My New Business
Start your business checklist
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1
Structure your business
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- Choose the right legal structure
- Set up as a sole trader
- Set up a business partnership
- Set up a limited company
2
Name your business
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3
Register your business
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4
Find money
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5
Manage money
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6
Choose your premises
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7
Hire staff
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- How to employ staff for the first time
- National Minimum Wage and National Living Wage rates
- Carry out pre-employment checks
- Ensure your workers are eligible to work in the UK
- Get employers' liability insurance
- Issue a written statement of employment
- Set up your payroll and register for PAYE with HMRC
8
Protect your business ideas
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