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Post Info TOPIC: When is an LLP the best business structure?
NewB


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When is an LLP the best business structure?
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I have bought lots of books form Amazon in readiness of starting my AAT studying. I bought almost a 50 - 50 split of bookkeeping / accounting books and also general business books too.

I have been looking into the different business structures that a business can use and cannot think of why an LLP might be appropiate as it does not seem to provide the tax savings that a Ltd company offers. I know that locally most solicitors are LLP's, so I am guessing it has something to do with how their companies must be set-up.

Does anybody have any examples of when a LLP would be the best option for a business?

NewB



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gbm


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It tends to be professional practices - accountants, solicitors, architects, etc.. - where partners may come and go and they wish to have the flexibility to handle this.

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Regards,
Nick

Website: www.gbmaccounts.co.uk
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