Practising as a Limited Liability Partnership
Sykes, C.
Practising as a Limited Liability Partnership - 2003 - Building Engineer 78(8) August 2003, 32-33(2) .
Examines why professional practices do not usually take up the Limited Liability Partnership (LLP) structure. Outlines some of the issues regarding LLP such as personal protection, structure, tax, Companies House, other formalities, borrowing and finance, professional bodies and panel membership and insurance. Concludes there are several advantages to running businesses as LLP rather than partnerships, although conversion can involve planning and cost.
LIMITED LIABILITY PARTNERSHIPS
Practising as a Limited Liability Partnership - 2003 - Building Engineer 78(8) August 2003, 32-33(2) .
Examines why professional practices do not usually take up the Limited Liability Partnership (LLP) structure. Outlines some of the issues regarding LLP such as personal protection, structure, tax, Companies House, other formalities, borrowing and finance, professional bodies and panel membership and insurance. Concludes there are several advantages to running businesses as LLP rather than partnerships, although conversion can involve planning and cost.
LIMITED LIABILITY PARTNERSHIPS