Disadvantages of LLP
Limited Liability Partnerships also referred as LLP and introduced in 2000 by the Partnerships Act 2000 to provide partnerships with the limited liability previously only available to companies. LLP’s may be suitable when the earnings of partners are defined clearly and not simply added to one pot and distributed by dividend. In LLP, the earnings of the members are counted as personal income. The Limited Liability Partnership (LLP) gives you… Read More »Disadvantages of LLP