Llps

In this report I depart be explaining how I think the presentation on limited obligation coalescence went. I will allow in the strengths and weaknesses we had as a crowd and what we could of done better. In class we were placed in assemblages of 3-4. My group was of 3, me, Maryam and Doyoad and we give the topic of ` contain LLPS been taken up by many professional (unlimited) federation? Why is so? In the united kingdom, LLPs re governed by the limited financial obligation partnership act 2000. This is a corporate body that has effectual free lance rights to its members. This act was introduced due to the concide within the upcountry Revenue evaluate year because of the way that LLPs ar taxed. A limited liability partnership is a partnership when some(a) or completely partners have limited liability. In this LLP on of the partners is not liable for the former(a)s partners misconduct. This is the difference of an unlimited partnership. Unlike a corporate sh behold er, LLP allows the partners to move within the company to a greater extent, managing the business directly. However the act does have regulations which apply the eatable of the company law, which provide safeguards for those dealing with LLPs. These include provisions for everyday disclosure of financial information nigh limited liability partnerships. We presented the information we gathered in a slideshow presentation which had rough 8 slides, I had slides 5-6-7 which were about the advantages and disadvantages of LLP and these advantages include, * Partnerships are relatively halcyon to establish * More than 1 owner, they tail assembly recruit more specie, both because two or more partners may be able to contribute more funds and because their espousal capacity may be greater. * Partnerships provide lesson support and will allow for more creative brainstorming. Disadvantages include; * Business partners are jointly and individually liable fo r the actions of the other partner. * P! rofits must(prenominal) be shared with others. You have to fix on how you...If you postulate to get a full essay, clubhouse it on our website: OrderCustomPaper.com

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