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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.
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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.
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New Zealand Limited Partnerships (which are similar to UK Limited Partnerships) were introduced under the Limited Partnership Act 2008.