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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ISLAMABAD -- A bill to make provision for the incorporation, regulation and winding up of Limited Liability Partnerships as body corporate, [The Limited Liability Partnership Bill, 2016] was introduced in the National Assembly on Wednesday.
The UK Government has introduced a new requirement for UK incorporated companies (both private and, with only limited exceptions, public), Societates Europaeae and Limited Liability Partnerships (LLPs) to maintain, at their registered offices, a register of persons with significant control over them (PSC Register).
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.
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.
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.
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.
Steve McNicol said: "All the major international accountancy firms changed to Limited Liability Partnerships as they became larger and increased the number of partners.
Kleinberger (WG&L, 2005), comprehensively and analytically addresses the critical issues facing tax advisers on the formation, operation and dissolution of limited liability companies (LLCs) and other vehicles, such as limited liability partnerships and limited liability limited partnerships.

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