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| Why
choose us
The Big Picture
| How we help
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Limited
Liability Partnerships
Since the introduction of this new business form
on 6 April 2001, the take-up to date has been slow. It has mainly
been large professional service firms, particularly Accountants
and Solicitors, that have been attracted by the combination of
protection, tax status and culture that a limited liability partnership
(LLP) offers.
Although this is a new business form, it is the
merged form of a conventional limited liability company and a
conventional partnership. The mix of skills needed to service
such clients includes an understanding of:
- This new LLP legislation,
- Commercial understanding,
- Personal tax,
- UK Generally Accepted Accounting Practice and the new LLP
SORP.
Our clients, starting
a new business, require a one-stop-shop for all of these services.
We have therefore organised our more experienced staff in to pools
of expertise to delivery the specific services required:
Instruct us to act as your limited liability partnership
accountant and rest assured that all of your UK accounting and
tax responsibilities will be fully complied with. We shall also
be mindful of your overall tax exposure and we shall actively
seek proven techniques to
improve your finances.
Practical Examples of our Limited Liability
Partnership Accounting Expertise
- Reviewing with current partnership
clients, who are exposed to litigation risk, the potential
benefits of LLP status.
- Advising on the new public record disclosure obligations,
at Companies House, that would be created by a partnership
becoming an LLP.
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- Discussing the possible content of a Members Agreement,
before an LLP is created.
- Attending Board and General Meetings, taking minutes
and advising on correct procedure.
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