The key to any successful relationship is clear mutual understanding. Business relationships, such as partnership relationships are no different.
When two or more individuals come together to form a business partnership, for example a Limited Partnership or Limited Liability Partnership, it is advisable to have a correctly drafted Partnership Agreement carefully detailing the terms of the business relationship.
The UK Limited Liability Partnership, introduced under the Limited Liability Partnerships Act (2000), is widely used by professional firms and, increasingly, as a tax efficient vehicle for non-UK, international trading purposes.
Scotland is a country occupying one third of the island of the United Kingdom. It has a population of over 5.2 million and Glasgow is the largest city.
New Zealand Limited Partnerships (which are similar to UK Limited Partnerships) were introduced under the Limited Partnership Act 2008.
© 2014 Pearse Trust