Whilst they are a relatively new structure, Limited Liability Partnerships have proved incredibly popular over the last few years with many businesses, particularly the professions of accountancy and the law. Runhams will be happy to advise you on the benefits and regulations relating to Limited Liability Partnerships.

Why A Limited Liability Partnership (LLP)?

Whilst an LLP shares many of the same features as a normal business partnership, the main difference or benefit is that any debts incurred by the partnership rather than belonging to the partners actually belong to the LLP. Therefore, whereas with a partnership there is no limit on the partners personal liability, this is not the case with an LLP (subject to any guarantees agreed as a matter of choice by the partners of an LLP).

Free Initial Enquiries

If you are unsure how to structure the formation of your business, or you think a Limited Liability Partnership is right for you, please call us on 01274 532233 or complete our no obligation enquiry form and we will be pleased to help you.