Limited Partnership
More information
Service includes:
Not included:
Turnaround is 10 business days.
- Provision of a registered office address.
- Payment of government fees.
- Secretary support.
- Preparation of a partnership agreement and related resolutions.
- Issue of Certificates of Capital.
- Issue of Register of Partners.
Not included:
- Preparation of Financial Statements.
- Registration with the tax authority (Revenue).
Turnaround is 10 business days.
Limited Partnership (LP) in Ireland is a form of business organisation that involves two types of partners: General Partners and Limited Partners.
General Partners bear full legal responsibility for the debts and obligations of the partnership, while Limited Partners are liable only to the extent of their investments in the partnership.
In Ireland, a limited partnership is considered a pass-through entity for tax purposes. This means that the partnership itself does not pay taxes on its income or profits. Instead, the tax obligations are passed on to the individual or corporate partners, who are responsible for reporting their share of the partnership's income on their personal tax returns. Each partner will be taxed based on their own tax status and applicable tax laws of jurisdiction where they are considered tax residents if it is not the Republic of Ireland.
By the way, all the characteristics of partnerships, regardless of jurisdiction, are practically identical. With the exception of Limited Liability Partnership (LLP), which is not available in Ireland. For a more detailed description of the nuances in the operation of partnerships, please refer to the description of the partnership registration service in the United Kingdom here.
Registration and changes within the partnership in Ireland require the submission of paper forms, which need to be signed by the partners and sent to our company's address in London. This process can potentially slow down the document workflow. However, Bridges is in direct contact with the registration office and receives prompt feedback. This can help expedite the process of registration and changes in your organisation. Bridges will work closely with you to ensure efficient and timely document management.
General Partners bear full legal responsibility for the debts and obligations of the partnership, while Limited Partners are liable only to the extent of their investments in the partnership.
In Ireland, a limited partnership is considered a pass-through entity for tax purposes. This means that the partnership itself does not pay taxes on its income or profits. Instead, the tax obligations are passed on to the individual or corporate partners, who are responsible for reporting their share of the partnership's income on their personal tax returns. Each partner will be taxed based on their own tax status and applicable tax laws of jurisdiction where they are considered tax residents if it is not the Republic of Ireland.
By the way, all the characteristics of partnerships, regardless of jurisdiction, are practically identical. With the exception of Limited Liability Partnership (LLP), which is not available in Ireland. For a more detailed description of the nuances in the operation of partnerships, please refer to the description of the partnership registration service in the United Kingdom here.
Registration and changes within the partnership in Ireland require the submission of paper forms, which need to be signed by the partners and sent to our company's address in London. This process can potentially slow down the document workflow. However, Bridges is in direct contact with the registration office and receives prompt feedback. This can help expedite the process of registration and changes in your organisation. Bridges will work closely with you to ensure efficient and timely document management.
GBP 1,150 / EUR 1,320
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+44 (0) 2922 711 399
info@bridgescsp.com
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