LLP, corporate partners and IR35
A surveyors practice with a number of employees in addition to the directors wants to adopt an LLP structure. Consideration is being given to having the 3 human partners as individual partners in the LLP and a 4th partner which would be a limited company.
The intention would be to allocate a small profit share to the 3 individuals and the much larger balance of profits to the corporate partner.
The shares in the corporate partner would be equally owned by the 3 individual partners and dividends would be paid to them from the ltd company.
Given that the LLP's income would be generated by both the human partners and a number of employees, could IR35 be said to apply to the profit share allocated to the Corporate partner in this situation?
Any discussion on this would be very welcome.