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To LLP or not

To LLP or not

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I have a medical practice that I am discussing forming an LLP with and maybe incorporating the individual partners.  Every partner has their own opinion and I respect that as everyone's circumstances are different.

However, if they decide not to incorporate, could the individual partners become corporate partners themselves or will this cause further problems with regards to goodwill, etc?

Any replies are much appreciated.

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By Paul Soper
13th Mar 2013 12:27

AIA problem

Where a partnership (whether PA1890 or LLP) includes a company as a partner the partnership is then prevented from claiming AIA - only WDA would be available.  Can medical practitioners practice as incorporated entities?  I know the practice can but at least one share must be held by an individual practitioner.  I have a feeling this is not as simple as it may seem anyway...

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By YellowSticky
15th Mar 2013 00:34

Lots of issues which is getting me all excited

But before I waste the next five minutes of my life - is this an NHS practice or a private practice. I would be very interested to know how your managing this with an NHS practice?

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