Thursday, 24 November 2011

Different Types Of Business / Limited Liability Partnership

This allows business partners to enjoy the benefit of limited liability, avoiding the problems of joint and several liability that applies to ordinary partnerships.

While there are no shares in this form of company, and tax arrangements remain the same for ordinary partnerships, a partnership deed will need to be drawn up to specify, among other things, how profit is split and what happens in the event the partnership is wound up.

Aberlink Innovative Metrology

Aberlink are a U.K based metrology company that have recently transfered from a Private limited company to a limited liability partnership. 

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