Limited Liability Partnerships, our advice and how we can help you
Words by Christian Muller
When looking to structure your new or existing business choosing the right structure from the start is very important.
The partners in an LLP aren’t personally liable for debts the business can’t pay - their liability is limited to the amount of money they invest in the business.
Partners’ responsibilities and share of the profits are set out in a prior LLP agreement. ‘Designated members’ have extra responsibilities.