The LLP Hybrid Structure
Shaz shares an overview of the LP hybrid model, explaining exactly what it is and how it works
He shares informative content that helps to explain the process and discusses why it's vital that any hybrid LLP is planned and set up properly
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KEY TAKEAWAYS
- A partnership is two or more individuals who form a business
- An LLP can be two or more people or two or more entities
- As the properties are introduced into an LLP the limited company becomes a managing company, managing the properties for the LLP
- The LLP may pay management charges or have more control and ownership
- If the limited\xa0 company collects the rent and pays the mortgages it can claim the tax relief
- When the funds are in the LLP the individual partner draws down on their capital account tax-free
- In an LLP or partnership, there is a profit-share ratio
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BEST MOMENTS
\u2018A profit share doesn\u2019t have to be in line with a capital share\u2019
\u2018It needs to be planned and set up properly\u2019
\u2018\xa0If you are forming an LLP you should be doing it for the right reasons\u2019
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VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
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ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
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