TITLE

Know your limit

AUTHOR(S)
McDonnell, John
PUB. DATE
June 2005
SOURCE
Lawyer;6/27/2005, Vol. 19 Issue 25, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Addresses the issue of British law firms' use of limited liability partnerships (LLPs) as special purpose vehicle (SPV) for tax treatment. Laws governing the operations and taxation of LLPs in the country; Risks associated with unincorporated LLPs; Confusion and disagreement associated with the laws governing SPV companies.
ACCESSION #
17519896

 

Related Articles

  • Structural shift. Ives, Colin // Lawyer;6/27/2005, Vol. 19 Issue 25, p40 

    Enumerates the factors that should be considered by British law firms that are planning to convert to limited liability partnerships (LLPs). Reasons behind the popularity of LLPs in the legal profession; Key legislation governing LLPs; Characteristics and legal functions of LLPs; Advantages and...

  • Liable to catch on. Robins, Jon // Lawyer;1/28/2002, Vol. 16 Issue 5, p26 

    Reports on the opportunities of business enterprises and law firms when converted to a limited liability partnerships (LLP) status in Great Britain. Reasons why companies want to adopt the LLP status; Factor that could make businesses adopt the LLP status; Information on the LLP status of...

  • Legal LLPs will take off, says Deloitte.  // Accountancy;Sep2004, Vol. 134 Issue 1333, p121 

    The article focuses on several issues related to LLPs. The incidence of LLPs in law firms is predicted to grow rapidly, says Big Four firm Deloitte. There are now more than 200 law firms in Great Britain with LLP status and this number is set to rise steeply. The LLP Act in 2000 allowed...

  • Reaching the limit. Roberts, Chris // Lawyer;5/17/2004, Vol. 18 Issue 19, p29 

    Comments that conversion to limited liability partnership of law firms does not reduce their risk-related problems in Great Britain. Improvement of the position of a partner under a general partnership; Liability of the lawyer to a client when duty of care is owed; Purpose of the Unfair Contract...

  • New Developments in Limited Liability Partnership Law in Hong Kong. Li, Joseph // Business Law Today;Jun2013, Vol. 22 Issue 6, p1 

    The article reports on limited liability partnership (LLP) law in Hong Kong, China with specific reference to the Legal Practitioners (Amendment) Ordinance passed by the Hong Kong legislature on July 12, 2012. The law, which allows legal practice in the form of an LLP, has added new requirements...

  • 1-0 to firms but HMRC will be back. Byrne, Matt // Lawyer (Online Edition);4/28/2014, p19 

    The article focuses on issues concerning the proposed plans of Great Britain's Her Majesty's Revenue & Customs (HMRC) to make changes on the tax treatment of limited liability partnership (LLP) members in the country. It notes that the HMRC, in its goal to achieve a projected revenue rise of...

  • Limited Editions. Korn, Donald Jay // Financial Planning;Jul2002, Vol. 32 Issue 7, p94 

    Discusses the shelter that family limited partnerships (FLP) and limited liability companies (LLC) in the U.S. can provide to their clients. Reason of small businesses for favoring LLC; Comparison between FLP and LLC; Tax advantages of FLP and LLC.

  • Tax warning for limited company GPs.  // Pulse;3/22/2007, Vol. 67 Issue 11, p17 

    The article reports on the tax warning for general practitioners (GPs) owning limited companies in Great Britain. GPs owning limited companies such as pharmacies are being warned regarding thousands of pounds they face in extra tax bills if they join limited liability partnerships (LLPs) for...

  • Limited ambition. Greenwood, Clive; Halevy, Tamar // Lawyer;6/27/2005, Vol. 19 Issue 25, p39 

    Reports on the increasing number of law firms that have turned to limited liability partnership(LLP) as a solution for their liability worries. Risks of converting to LLP status; Pros and cons of being an LLP; Factors that should be considered by law firms in establishing a risk management program.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics