Keywords
Citation
(2002), "Limited liability partnerships", Structural Survey, Vol. 20 No. 5. https://doi.org/10.1108/ss.2002.11020eab.006
Publisher
:Emerald Group Publishing Limited
Copyright © 2002, MCB UP Limited
Limited liability partnerships
Limited liability partnerships
Keywords: Limited liability, Employment law
Staffordshire-based Chartered Accountants Dean Statham are predicting that government plans to revolutionise UK employment law will increase the pressure on all professionals operating under partnership agreements to become Limited Liability Partnerships. They suggest that "Becoming an LLP allows a firm to continue to enjoy the freedom of being a partnership, but ensures that costly compensation payouts are not going to bankrupt all the partners".