limited liability partnership

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limited liability partnership

n. Abbr. LLP
A business partnership in which the liability of all of the partners is limited to the capital they have invested.
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Ms Fitzgerald has developed particular expertise advising troubled professional practices, in particular law firms, dealing with solvent mergers, conversion to limited liability partnerships and general partnership advisory work.
QuickLiquidity acquires positions in stabilized and cash flowing partnerships on a nationwide basis in Limited Liability Companies (LLC's), Limited Partnerships (LP's), Limited Liability Partnerships (LLP's), Tenants-In-Common (TIC's), and Delaware Statutory Trust (DST's).
In addition, a consultation paper has been issued on a proposed Limited Liability Partnership Regulation, which will govern the formation and operation of limited liability partnerships.
Jim Crook, managing director of the Old Hall Street-based agency, said October 1 sees the introduction of several elements of the 2006 Companies Act, including new rules for trademark applications, a new seven-day cooling off period which applies to doorstep selling and limited liability partnerships, together with the new rates for the national minimum wage which will rise across the board for each of the three separate age levels.
Steve McNicol said: "All the major international accountancy firms changed to Limited Liability Partnerships as they became larger and increased the number of partners.
The company acts for all types of owner-managed enterprises including limited companies, limited liability partnerships, partnerships, and sole traders with turnovers ranging from a few hundred pounds to tens of millions.
AN ACCOUNTANT is recommending a new method in corporate structuring - Limited Liability Partnerships (LLP) - which he claims offer benefits.
Godrej Industries Ltd has announced that the Board of Directors of the Company at its meeting held on July 27, 2010, has approved formation of Limited Liability Partnerships (LLPs) with Godrej Properties Ltd.
LEADING Chester and North Wales accountancy firm Mitchell Charlesworth says Government proposals to change the tax arrangements of Limited Liability Partnerships (LLPs) could result in fundamental changes to their corporate structure.
Unlike many businesses, limited liability partnerships, partnerships and sole practitioners are not directly assessed for tax on the business' profits, but will commonly arrange to settle individual partners' liabilities.
He demonstrates how to analyze situations by defining categories of behavior and attaching consequences to those categories, as he discusses topics ranging from introductory concepts to financial and management issues to limited liability partnerships.

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