Leaving an LLP on the edge

Peter Weiss and Oliver Grimes of Davenport Lyons offer an insight into the legal issues connected with using limited liability partnerships structures (LLPs).
A growing number of professional practices are feeling the impact of the credit crunch and some are slipping closer to insolvency or simply to needing to take drastic steps to cut overheads, including removing or forcing the retirement of their members.
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