- Intermediate *3 hours CPD
The limited liability partnership is an exciting new business medium. Not only does it give to former partners the option of limited liability, but also it is the ideal vehicle for businesses such as joint ventures. The purpose of the course is to introduce practitioners to the nature of the limited liability partnership and then to explore the key features that should be included in a limited liability partnership agreement, which is essential to the establishment of a potentially trouble free business relationship.
- The nature of the limited liability partnership
- Incorporation
- Limited liability
- Internal organisation
- External relations
- Tax implications
- The limited liability partnership agreement
- The default regime
- Admission, retirement and removal of members
- Restriction on the power of members
- Enforcement of members’ duties
- Variation of the agreement