An LLP or Limited Liability Partnership has some things in common with a Partnership but, like a Limited Company, it also has Limited Liability so partners cannot lose personal assets. LLP’s are easy to join and to leave – without needing to worry about buying/selling shares - and how profits are allocated as per the Partnership agreement can be rewritten in a way that benefits the business.

Find out more at www.ams-accountancy.co.uk

REF: F005

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