Llps

In this report I impart be explaining how I think the presentation on limited obligation nuclear fusion went. I will allow in the strengths and weaknesses we had as a crowd and what we could of done better. In class we were placed in assemblages of 3-4. My group was of 3, me, Maryam and Doyoad and we give the topic of ` contain LLPS been taken up by many professional (unlimited) federation? Why is so? In the united kingdom, LLPs re governed by the limited liability partnership act 2000. This is a corporate body that has healthy free lance rights to its members. This act was introduced due to the concide within the midland Revenue evaluate year because of the way that LLPs ar taxed. A limited liability partnership is a partnership when rough or completely partners have limited liability. In this LLP on of the partners is not liable for the former(a)s partners misconduct. This is the difference of an unlimited partnership. Unlike a corporate sh atomic number 18hol der, LLP allows the partners to move within the company to a great extent, managing the business directly. However the act does have regulations which apply the alimentation of the company law, which provide safeguards for those dealing with LLPs. These include provisions for general disclosure of financial information nigh limited liability partnerships.

We presented the information we gathered in a slideshow presentation which had about 8 slides, I had slides 5-6-7 which were about the advantages and disadvantages of LLP and these advantages include, * Partnerships are relatively slatternly to estab lish * More than 1 owner, they tail a! ssembly maturate more specie, both because two or more partners may be able to contribute more funds and because their borrow capacity may be greater. * Partnerships provide lesson support and will allow for more creative brainstorming. Disadvantages include; * Business partners are jointly and individually liable for the actions of the other partner. * Profits essential be shared with others. You have to fix on how you...If you pauperization to get a full essay, clubhouse it on our website: OrderCustomPaper.com

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