.In the UK, a Limited Liability Company (LTD) is a separate legal entity where shareholders' liability is limited to their investment and profits are subject to corporation tax. It is suitable for a wide range of businesses and offers flexibility in profit distribution and ownership structure.
LLP (limited liability partnership) combines the flexibility of a partnership with the limited liability of its members, which allows for the distribution of profits among the members, who then pay personal income tax at their place of tax residence. LLPs are most suitable for those who provide professional services: law firms, accounting firms, agencies.