February 2011 Archive

Key characteristics of Limited Liability Partnerships

A Limited Liability Partnership (‘LLP’) is an alternative corporate business vehicle that combines the flexible structure of a partnership with the benefits for its partners of limited liability. LLPs are relatively new entities, the legislation creating them having come into existence in April 2001. They have a number of statutory requirements and failure to comply may result in a fine for the LLP and/or for all members in default.

Common problems with applications for registered charitable status

When considering whether or not to apply for registered charitable status, charitable clients should consider two common problems which can cause a delay in the process. If your charity is working with children or vulnerable people you may need to carry out CRB checks before the Charity Commission will consider an application for registered status. Also, if your charities annual income is less than £5,000 you may not be granted charitable status.
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