Limited Liability Partnership
A Limited Liability Partnership ( LLP ) is a partnership under British / US law. It can best be compared with a German limited partnership without full liability . The difference to the Limited Liability Company (LLC) is that the shareholders can exercise the management directly. As with a corporation , however, you do not have to forego comprehensive liability protection. In addition, this legal form can also be structured like a partnership for tax purposes.
This type of company is often encountered in the professional sector, for example in law firms , auditors , tax consultants and architects ( law firm , partnership ), especially because in some US states , such as New York and California , this type of company is only open to certain professions. LLP constructs are also used as tax-free offshore solutions by location-independent companies and digital nomads .
In 2005 this type of company was introduced in Japan as Yūgen Sekinin Jigyō Kumiai and in Singapore .
An LLP construct is suitable for keeping the names of the persons or directors involved secret.
See also
- United States corporate law
- Private Company Limited by shares / guarantee (Ltd) / Public Limited Company (PLC)
- Limited Liability Company (LLC)
- Limited Partnership (LP)
Web links
- Recommendation for the approval of foreign law firms by the Federal Bar Association (PDF file; 17 kB)
- Official legal text as amended by LLPs Act 2000 in the current version at UK Statute Law Database
- Frequently asked questions about LLP and its incorporation in the UK companies house
Individual evidence
- ↑ New York State - Division of Corporations Registering an LLP ( Memento of the original from July 26, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (English)
- ↑ California - Secretary of State Frequently Asked Questions about Limited Liability Partnership ( Memento of August 3, 2008 in the Internet Archive )
- ^ "Inexpensive and reputable offshore company - no more stress, bureaucracy and taxes" , accessed on October 19, 2018.
- ↑ Germany Trade and Invest : Singapore creates a new type of company ( Memento of the original from September 28, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. dated May 23, 2005
- ↑ "Exclusive: 'Ukrainian assets owned or used by ousted President Viktor Yanukovych hidden behind trail of firms with links to UK'" The Independent from March 1, 2014, viewed on December 28, 2014
