Advantages and disadvantages of limited liability partnerships

ADVANTAGES AND DISADVANTAGES OF LIMITED LIABILITY PARTNERSHIPS A limited liability partnership (LLP) can be defined as an incorporated business formed by 2 or more natural persons or a body corporate and is governed by the Limited Liability Partnership Act 2011 (LLP Act). LLPs are a perfect fit for most professionals like lawyers and doctors, two […]

6 Key Clauses in the Partnership Agreement to make your small business huge.

6 Key Clauses in the Partnership Agreement to make your small business huge. Depending on the size of the business activities and the number of partners engaged, partnerships can be complex. The formulation of a partnership agreement is essential in this kind of business structure to lessen the possibility of conflicts among partners. Although each […]

Five important clauses you cant ignore in partnership agreement

FIVE IMPORTANT CLAUSES YOU CAN’T IGNORE IN PARTNERSHIP AGREEMENTS. There are three types of partnership: General partnership (GP); Limited partnership (LP); and Limited liability partnership (LLP). The  founding partners various objectives informs the type of partnership they choose to deploy. For example: A general partnership has the simplest/quickest incorporation process; while limited partnerships are often […]