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?
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LLP vs LTD
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No.Originally posted by rob78 View PostIs 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?
HTH
Blog? What blog...?
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In what way can it mitigate?? They are totally different pieces of legislation.Originally posted by rob78 View PostIs 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?
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."
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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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The Ltd Co also has limited liability (that's what the "ltd" stands for). In what way would limited liability be MORE risky?Originally posted by rob78 View PostIs 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?Job motivation: how the powerful steal from the stupid.Comment
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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!Comment
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