A limited liability partnership (LLP) is similar to an ordinary partnership - in that a number of individuals or limited companies share in the risks, costs, responsibilities and profits of the business.
The difference is that liability is limited to the amount of money they have invested in the business and to any personal guarantees they have given to raise finance. This means that members have some protection if the business runs into trouble.
Nationwide Secretarial offers an LLP formation service. However, there are a number of issues surrounding LLPs that may need a more 'Hands-On' approach. We are happy to offer this service - please contact us for more information.
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