The tax regulations around partnerships and LLPs are notoriously difficult to navigate. Issues can crop up at each stage: during the initial founding of the partnership, to commencement rules in the opening year, right up until the taxation on disposals of goodwill on retirement.
Throw in the various forms – general partnerships, overseas partnerships, limited partnerships and limited liability partnerships – each governed by different legal principles and it becomes clear that, if there’s one service that’s genuinely essential to any partnership, it’s tax and legal support.
Our Partnerships and LLPs Tax Team has been providing expert advice in this area for years, developing leading-edge tax solutions across a range of sectors. Made up of tax and legal experts, the team can provide support across every stage of setting up and running a partnership.
We focus on helping you to understand your tax risks and manage them. We’ll make sure you pay the right amount of tax, taking account of your risk profile and your commercial circumstances.
If you’re looking for tax and legal advice for your partnership, get in touch with our expert partner in this field, Andrew Constable.