What is an LLP

What is LLP (Limited liability Partnerships)?

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 an LLP agreement. ‘Designated members’ have extra responsibilities.

Chartered Accountants in London
What is an LLP

Tax for Limited liability partnerships.

Every year, the partnership must send a partnership Self Assessment tax return to HM Revenue and Customs (HMRC). All the partners must:

Record Keeping:

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What is an LLP

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