A Limited Liability Partnership (LLP) is a distinct legal entity and can best be described as a hybrid of a company and a partnership.
Limited Liability Partnerships offer more protection to their members than is possible in ordinary partnerships. They have many of the features of a normal partnership but offer Partners reduced personal responsibility for business debt because the LLP itself is responsible for any debts that it runs up, not the individual Partners.
At Morecrofts, our specialist commercial team can advise and assist you on the best way of ensuring you achieve a successful LLP from the early stages, and on all issues which arise during the lifetime of the business.
We understand how worrying legal costs can be so we have a range of payment options available to suit your budget and needs. For many of our services we offer fixed fee packages alongside our traditional fee system and we will help you decide which option is right for you.
For a confidential discussion with one of our specialist lawyers, please call our free phone number 0800 949 9123 or email us via the contact form here.