Philip Ridgway Temple Tax Chambers examines the taxation of administrations of Limited Liability Partnerships
The Limited Liability Partnership (LLP) has been with us for some eight years now. At 31 March 2006 there were 17 499 LLPs registered in Great Britain following the registration of 6 570 new LLPs in 2005/06. In the same period 990 registrations were closed (the figures for 2006/07 are not yet available). Given the current economic environment it is probable that that there will be an increase in the number of failed LLPs. An administrator can be appointed by a number of people but primarily by the members or by the holders of floating charge such as a bank or by other creditors. This article seeks to set out how the members of an LLP are...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Philip Ridgway Temple Tax Chambers examines the taxation of administrations of Limited Liability Partnerships
The Limited Liability Partnership (LLP) has been with us for some eight years now. At 31 March 2006 there were 17 499 LLPs registered in Great Britain following the registration of 6 570 new LLPs in 2005/06. In the same period 990 registrations were closed (the figures for 2006/07 are not yet available). Given the current economic environment it is probable that that there will be an increase in the number of failed LLPs. An administrator can be appointed by a number of people but primarily by the members or by the holders of floating charge such as a bank or by other creditors. This article seeks to set out how the members of an LLP are...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")