Partner – BLM LLP “Thank you very much indeed for your significant help and support – as a result of your guidance, I felt incredibly confident in submitting my business plan and then giving my presentation and interview. In the days after the presentation and interview, I had some very...
Learn how to become a silent partner in business, the benefits, legal considerations, and steps for evaluating potential partnerships to invest wisely.
Angel investors tend to be wealthy individuals looking to invest in new businesses in order to make a decent return down the line. Normally, this will involve them offering you funding in exchange for equity or convertible debt. They may also offer mentorship and support as you develop your bu...
Management in an LLP Partners in an LLP have the right to shape the business, from making decisions to signing documents and managing relationships. LLPs are common in professional businesses, like medical practices or law firms, where each partner brings expertise and a client base. Member-...
Another type of partnership is an LLP, which is a special form of partnership that only law firms can choose to operate. As of February 2021, the Legal Practitioners Ordinance states that, if a partner, employee, agent or representative in an LLP makes any mistake as a result of the ...
There’s also an option toadd a DBA name(“doing business as”) to LLCs. A DBA is just another name to call your business and can be very useful if your LLC offers multiple products or services. It can help differentiate between their specific business concerns. ...
There’s also an option toadd a DBA name(“doing business as”) to LLCs. A DBA is just another name to call your business and can be very useful if your LLC offers multiple products or services. It can help differentiate between their specific business concerns. ...
partner must be a general partner, with full personal liability for the partnership's debts. At least one other is a silent partner whose liability is limited to the amount invested. This silent partner generally does not participate in the management or day-to-day operation of the partnership...
Limited Liability Partnership (LLP):An LLP is typically formed by licensed professionals, such as lawyers or accountants, who want to work together but maintain personal liability protection. Each partner is not personally liable for the negligence or misconduct of other partners. ...
share the profits, debts, and liabilities. A limited partnership combines both structures in that one person takes on the liability while the other remains a silent partner. An LLP is common among doctors and lawyers who share a practice. Personal assets are siloed against liability in an LLP....