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What is a Limited Liability Partnership (LLP)? |
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Business Formation
Sole Trader
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Limited Company
Limited Liability Partnership
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About CYB
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Limited liability Partnerships are a kind of combination between a partnership and limited libility company. LLPs have only been around since 2001. They are more expensive and more complex to set up than other types of business and the majority of businesses that choose this method are professional service companies such as solicitors, accountants and architects etc. It is worth pointing out that for some reason this is not available in Northern Ireland!
Forming a buisiness is not a step to be taken lightly. Getting it wrong can cost thousands, get it right can save thousands. Use professional accountants when cosidering forming a company but do your research first. We recommend this book at Amazon to get your pump primed so you can ask all the right questions.
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Selected Further Reading...
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