shaolin.grace started this topic @ 18:49 on 21/01/2008
RE: Partnership or Limited Liability Partnership for new business
apr | 21/01/2008 07:53 PM
Hi
Both are taxed the same ie as individuals yet Limited Liability offers as it suggests limited liability. In reality banks would want personal guarantees anyway.
Andrew
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RE: Partnership or Limited Liability Partnership for new business
Pineway | 28/01/2008 01:05 AM
Hi
You could do it via a Limited company or a Company Limited by Guarantee which is a type of company that does not have a share capital or shareholders and is usually formed to manage a charity or not for profit organisation such as a sports club or political party. Rather than having shareholders a limited by Guarantee Company will have guarantors (or trustees), such individuals enjoy limited liability.
Regards
Dave
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