I have bought lots of books form Amazon in readiness of starting my AAT studying. I bought almost a 50 - 50 split of bookkeeping / accounting books and also general business books too.
I have been looking into the different business structures that a business can use and cannot think of why an LLP might be appropiate as it does not seem to provide the tax savings that a Ltd company offers. I know that locally most solicitors are LLP's, so I am guessing it has something to do with how their companies must be set-up.
Does anybody have any examples of when a LLP would be the best option for a business?
It tends to be professional practices - accountants, solicitors, architects, etc.. - where partners may come and go and they wish to have the flexibility to handle this.
