Partner type
Corporate body
The term corporate body is used to describe:
- a limited company that is registered with Companies House in the UK
- a company that is incorporated outside the UK
- a company set up by Royal Charter, Letters Patent or Acts of Parliament
- a Limited Liability Partnerships (LLP)
- a European Economic Interest Groupings
- a friendly, industrial and provident society
Please note:Companies incorporated outside the UK that have a place of business in the UK are required to register at Companies House and these details must be provided later in this process.
Limited partnership
A limited partnership is one in which at least one of the partners restricts their liability for the debts and obligations of the business to a pre-determined amount, instead of bearing unlimited liability as a general partner normally does. The partnership must consist of at least one general partner who manages the business and bears unlimited liability to creditors, and at least one limited partner.
Partnerships and Scottish partnerships
In England, Wales and Northern Ireland a partnership is not separate from the persons that are partners; it is the partners that are registered and not the business activity, therefore all activities carried out by a partnership will be covered by one registration. In Scotland a partnership can be seen as separate from the partners and the same partners may set up two or more partnerships
For example, in England, Wales and Northern Ireland, a partnership with more than one business activity must operate under the one VAT Registration Number. Whereas, in Scotland the partnership may have a separate VAT Registration Number for each business activity.
If the partnership is a general partnership and not a 'Scottish partnership', you will need to provide the details of each individual partner.
Unincorporated body
An unincorporated body is a business or other body such as a members' club, society or co-operative that's not incorporated as a limited company but not sole traders, partnerships, a local authority or a local authority association.
Scottish Limited partnership
A Scottish limited partnership consists of a general partner bearing unlimited liability and a number of limited partners.
