000			01554cam a2200241 4500
001			ABS64044
008			000000n2001 000 0 eng u
035			_a(Sirsi) u112954
100			_aGiacon, Francis
245		2	_aA long-playing act
260			_c2001
490			_aProperty Week _v66(21) 25 May 2001, 84(1)
520			_aExamines the new entity of Limited Liability Partnerships (LLP) as created by the Limited Liability Partnerships Act 2000. An LLP comes somewhere between a traditional partnership and a limited liability company, with a key advantage being that liability is limited to the assets of the LLP. In addition, there are no tax difficulties on conversion to an LLP and LLPs are taxed in a similar way to traditional partnerships. Disadvantages of LLPs are cited as unsuitability for tax-transparent property investment vehicles and having to file accounts and returns with the public register. Article also considers how LLPs affect inter-partner indemnity and outlines requirements for setting up an LLP. Concludes that surveyors and architects are particularly interested in LLPs, which should prevent them being pushed into bankruptcy as a result of negligent valuation or design.
590			_aABS
650			_aLIMITED LIABILITY PARTNERSHIPS
650			_aLIMITED LIABILITY PARTNERSHIPS
650			_aLIMITED LIABILITY PARTNERSHIPS ACT 2000
650			_aPROFESSIONAL INDEMNITY
650			_aLIABILITY
650			_aTAX ISSUES
690			_aMANAGEMENT-BUSINESS MANAGEMENT-PROFESSIONAL PRACTICE
942			_n0
999			_c67241 _d67241