Partnerships and LLPs

This note and the pages listed on the right set out those matters that might affect you if you are in a partnership currently or are considering setting up or joining a partnership.  We can help both the individual partners and the partnership itself.

The considerations to be borne in mind in becoming or joining a limited liability partnership (LLP) can be involved and we can assist in this regard, including dealing with the more formalised accounting and filing obligations in the UK, and in incorporating the LLP in the first place.

The notes deal with those individuals and partnerships who are resident and ordinarily resident in the UK for tax purposes but we can advise others where appropriate.

This section does not include any reference to any special approvals or licences that may be required for a specific business.

In the notes, the term “firm” is used to describe the partnership itself.