Your liability for debt regarding a business depends on whether you’re in a limited partnership or a limited liability partnership (LLP).
The latter means a partner isn’t personally liable for the debts a business cannot pay. Instead, liability is only relevant to the amount of money invested in the company. Your responsibilities and share of profits should be set out in a LLP agreement.
Are you looking to become part of a LLP partnership, or already in one? Currently searching where to find LLP funding?
If so, MyInfinity Finance are keen to help. Our LLP funding takes into account the changes made by the HMRC in relation to Fixed Share Partnerships. Helping you absorb the considerable costs associated with changes over a 60 month term, it eases the pressure of paying tax. Since you’re registered as self-employed, any gains or income you make are liable to taxation.
MyInfinity Finance can also assist with management/partner buy-ins or buy-outs. We do this by providing the funding for the capital you need. Whether your equity partner has retired or a new partner needs to contribute capital, we will help bridge the gap.
For further details, simply click here.
Get a quote
Complete the form or, alternatively, call 0191 300 9124 to speak to an account manager.
Co. Registration No: 08469710
Authorised and Regulated by the Financial Conduct Authority, Ref: 672182
Data protection act Reg No: ZA002246
Trading/ Registered Address: MyInfinity Finance Limited: Suite 20, River drive, Cookson House, South Shields NE33 1TL.
MyInfinity Finance Limited act as a Credit Broker and are not a Lender.
We do not charge our clients for any of our services but may receive commission from any lenders that we are successful in obtaining you finance from. We will never ask you for any upfront payments. Our services are for UK Businesses only.
Support Phone: 0191 300 9124
ALTERNATIVE WEBSITE LAYOUTS
© 2017 Copyright by MyInfinity Finance Limited. All Rights Reserved.