Legal Advice for Creating the Partnership / ID: 151350

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ID number:151350

Author: Tatjana Kozlovska (6)

Evaluation:

Published: 06.02.2008.

Language: English

Level: College/University

Literature: n/a

References: Not used

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Extract

There are some different kinds of business structures, but if you want to run a business with you friend the most suitable for you would be creating a partnership.
There are 2 kinds of a partnership-
Simple partnership
LLP* partnership.

In my opinion, you should create LLP partnership. In this partnership partners have limited liability. The LLP is a corporate body with a separate identity from the partners. It means that your personal assets are protected in chance of bankrupt.…

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Business English
Summaries, Notes4 Business, Linguistics, Interpreting
Legal Advice for Creating the Partnership
Summaries, Notes2 Law, Business
The Educational Quality Component Business Plan
Summaries, Notes10 Business

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Summaries, Notes

Business and Law

Law

Legal Advice for Creating the Partnership