John Keating Head of Tax and Jonathan Horrocks Senior Manager pass on their practical experience regarding the ins and outs of converting a partnership to a limited liability partnership
Many professional advisers have been burying their heads in the sand and ignoring limited liability partnerships (LLPs). They do so at their peril as the traditional approach of incorporate or not is no longer good enough. Now the choice must include LLPs as a realistic alternative operating vehicle for almost any business.
This article addresses the practical issues that will arise when converting a partnership to an LLP. It is not designed to be completely exhaustive but it will give many pointers towards relevant issues. This is particularly important in the infancy of LLPs...
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John Keating Head of Tax and Jonathan Horrocks Senior Manager pass on their practical experience regarding the ins and outs of converting a partnership to a limited liability partnership
Many professional advisers have been burying their heads in the sand and ignoring limited liability partnerships (LLPs). They do so at their peril as the traditional approach of incorporate or not is no longer good enough. Now the choice must include LLPs as a realistic alternative operating vehicle for almost any business.
This article addresses the practical issues that will arise when converting a partnership to an LLP. It is not designed to be completely exhaustive but it will give many pointers towards relevant issues. This is particularly important in the infancy of LLPs...
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)")