Limited Liability Partnerships
Limited Liability Partnerships or LLPs are a recent invention representing a hybrid between traditional partnerships and companies.
Limited Liability Partnerships:
- allow partners to have a limited liability
- enjoy tax benefits similar to those of a partnership
- allow members to have an interest in the business in a way which is easier than in a straightforward partnership
We will discuss with you the benefits and disadvantages of an LLP and alternative business structures to ensure you achieve the best set up for you and your business. We can then deal with all the formalities including member agreements. We will give you a clear indication as to the likely cost involved.