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Limited Liability Partnerships - What is an LLP? [ LLPs Explained ]
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What is an LLP? and Why Should I Form a Limited Liability Partnership - LLPs in the uk
As the term suggests, an LLP is a type of partnership where the liability of each member is limited. In this case, to the investment/obligations made by each member. It is a helpful way of protecting a member’s personal assets, especially for businesses that tend to operate as general partnerships:-
Solicitors
Doctors
Architects
As you will notice, those involved in an LLP are referred to as members instead of directors, shareholders or guarantors. In some settings, you may see members referred to as “partners”. There must be a minimum of two members to register an LLP, but there is no upper limit on the number of members allowed.
Wilkins Southworth Chartered Certified Accountants London Chartered Certified Accountants, Registered Auditors and Specialist Personal and Corporate Tax Advisers London.
Wilkins Southworth is a friendly accountants practice based in Barnes, South West London.
The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world.
Business Tax and Property Tax Articles and Videos
Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications.
Visit this section for a selection of articles that have been published in recent years.
For more information on the Bounce Back Loans Scheme or the accounting services we provide, please feel free to contact us by post, telephone, fax or e-mail using the details below.
Wilkins Southworth
Telephone: 020 8878 3949
**Property, Tax and Business articles**
Wilkins Southworth 10-12 High Street,
Barnes,
London SW13 9LW
#LimitedLiabilityPartnerships #limitedliability #LLP
As the term suggests, an LLP is a type of partnership where the liability of each member is limited. In this case, to the investment/obligations made by each member. It is a helpful way of protecting a member’s personal assets, especially for businesses that tend to operate as general partnerships:-
Solicitors
Doctors
Architects
As you will notice, those involved in an LLP are referred to as members instead of directors, shareholders or guarantors. In some settings, you may see members referred to as “partners”. There must be a minimum of two members to register an LLP, but there is no upper limit on the number of members allowed.
Wilkins Southworth Chartered Certified Accountants London Chartered Certified Accountants, Registered Auditors and Specialist Personal and Corporate Tax Advisers London.
Wilkins Southworth is a friendly accountants practice based in Barnes, South West London.
The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world.
Business Tax and Property Tax Articles and Videos
Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications.
Visit this section for a selection of articles that have been published in recent years.
For more information on the Bounce Back Loans Scheme or the accounting services we provide, please feel free to contact us by post, telephone, fax or e-mail using the details below.
Wilkins Southworth
Telephone: 020 8878 3949
**Property, Tax and Business articles**
Wilkins Southworth 10-12 High Street,
Barnes,
London SW13 9LW
#LimitedLiabilityPartnerships #limitedliability #LLP
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