How an LLP can be a broker's flexible friend.
Q: How is becoming a Limited Liability Partnership beneficial for a brokerage? A: The principle b...
Q: How is becoming a Limited Liability Partnership beneficial for abrokerage?
A: The principle benefit of a Limited Liability Partnership is that it
offers all the benefits of limited liability but allows its members the
flexibility to organise their internal structure as a traditional
partnership.
In the same way as limited companies, an LLP is a separate legal entity
and, while the LLP itself will be liable for the full extent of its
assets, the liability of the members will be limited. Unlike
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