Limited Liability Partnerships

A Limited Liability Partnerships (LLP) combines the benefits of limited liability (like a limited company) with the organisational flexibility and tax status of a partnership structure.

Is an LLP right for you?

LLPs can be used for all kinds of businesses ranging from small family businesses such as a farm to professional partnerships such as a dental practice or firm of accountants as well as joint ventures and tax efficient investment vehicles.

Glanvilles Damant, an Isle of Wight law firm, has incorporated a number of LLPs and helped transfer existing businesses into the LLP framework.

If you are considering an LLP and want to make sure it’s right for you, the Glanvilles Damant Corporate team can give you the advice you need including the tax implications so that you can make the right decision.

Get in touch for a no-obligation conversation about LLPs and how our team could find the right solution for your needs.

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