FREE ADVICE AND PARTNERSHIP SETUP
To ensure that members’ legal rights and obligations are clearly defined and to consider the tax consequences and fiduciary responsibilities, which are distinct from those of employees, it is necessary to structure a conventional partnership or LLP with careful planning and structured legal agreements. However, just like any organisation, concerns like defending a firm’s interests when key people depart or a group falters, dealing with complaints or disagreements, and finest mergers or joint ventures may all need to be addressed. A Limited Liability Partnership (LLP) is comparable to a traditional partnership in certain respects, with the exception that the members’ personal financial commitments are lessened. For further details, contact our experienced tax accountants.