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Difference between revisions of "Starting a Small Business"
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Starting a Small Business (view source)
Revision as of 03:30, 11 September 2020
, 03:30, 11 September 2020→A way to limit your liability
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====A way to limit your liability==== | ====A way to limit your liability==== | ||
A '''limited liability partnership''' (LLP) can limit your liability for another partner’s actions. You should discuss it with a lawyer. Our information on [[Forming a Partnership | A '''limited liability partnership''' (LLP) can limit your liability for another partner’s actions. You should discuss it with a lawyer. Our information on [[Forming a Partnership|forming a partnership]] has more on this. | ||
For tax purposes, each partner treats their share of the partnership's profits as personal income. | For tax purposes, each partner treats their share of the partnership's profits as personal income. | ||