Limited liability partnerships: The liability issue
US limited liability partnerships (LLPs) operating in London do not wish to be required to file accounts and so disclose their figures. This is an understandable wish; and is one that is probably shared by English LLPs, who are required to file accounts. The Government has decided to follow - for the time being, at least - a course that meets the US wish. US LLPs are not, of course, the only overseas LLPs who carry out business in the UK. But they are clearly the most prominent overseas LLP presence here.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now