LLPs point the way
Rice, Anita
LLPs point the way - 2007 - Law Society's Gazette 104(33) 30 August 2007, 18-19(2) .
Discusses the pros and cons of Limited Liability Partnership (LLP) status. Over half of the top UK firms are now LLPs, and advantages include greater protection of partners' business assets, flexibility, and tight housekeeping. However, publishing results can be a mixed blessing, particularly if a firm is going through a hard time. LLPs also have complicated financial filing commitments and there can be difficulties for firms with overseas operations.
LIMITED LIABILITY PARTNERSHIPS
United Kingdom--
LLPs point the way - 2007 - Law Society's Gazette 104(33) 30 August 2007, 18-19(2) .
Discusses the pros and cons of Limited Liability Partnership (LLP) status. Over half of the top UK firms are now LLPs, and advantages include greater protection of partners' business assets, flexibility, and tight housekeeping. However, publishing results can be a mixed blessing, particularly if a firm is going through a hard time. LLPs also have complicated financial filing commitments and there can be difficulties for firms with overseas operations.
LIMITED LIABILITY PARTNERSHIPS
United Kingdom--