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LLP vs LTD

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    LLP vs LTD

    Is there any advantage to trading through an LLP vs LTD co i.e. does the fact that the LLP by definition has limited liability and is therefore more risky to the members in anyway mitigate IR35 regulation?

    #2
    Originally posted by rob78 View Post
    Is there any advantage to trading through an LLP vs LTD co i.e. does the fact that the LLP by definition has limited liability and is therefore more risky to the members in anyway mitigate IR35 regulation?
    No.

    HTH
    Blog? What blog...?

    Comment


      #3
      Originally posted by rob78 View Post
      Is there any advantage to trading through an LLP vs LTD co i.e. does the fact that the LLP by definition has limited liability and is therefore more risky to the members in anyway mitigate IR35 regulation?
      In what way can it mitigate?? They are totally different pieces of legislation.

      One has no bearing on the other, IR35 is all about contracts and working practices.
      "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
      - Voltaire/Benjamin Franklin/Anne Frank...

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        #4
        Thanks - clears that one up

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          #5
          There are some newbie guides to the right if you would like to read them.
          'CUK forum personality of 2011 - Winner - Yes really!!!!

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            #6
            Originally posted by rob78 View Post
            Is there any advantage to trading through an LLP vs LTD co i.e. does the fact that the LLP by definition has limited liability and is therefore more risky to the members in anyway mitigate IR35 regulation?
            The Ltd Co also has limited liability (that's what the "ltd" stands for). In what way would limited liability be MORE risky?
            Job motivation: how the powerful steal from the stupid.

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              #7
              No advantage at all as has been said.

              With a LLP, this is more suited to a business with more than one person, as it is a partnership it is hard to set one up if there is just one of you!

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