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Limited Liability Partnership

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A Limited Liability Partnership (LLP) is a legal structure that combines elements of a partnership and a company. It allows two or more partners to own and manage assets or businesses while benefiting from limited liability protection.

LLPs are commonly used in private wealth structuring for investment holding, family wealth management, and professional or joint ventures.

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Key benefits of a LLP structure

Asset protection and segregation

LLPs can be used to:

  • Ring-fence specific investments or projects
  • Separate risk across different ventures
  • Hold assets independently from personal ownership
Flexibility in ownership and profit sharing

LLPs offer significant flexibility:

  • Profit distribution can be tailored (not strictly based on ownership %)
  • Easy to introduce or remove partners
  • Suitable for family members or investment partners with different roles
Limited liability

A LLP provides protection to its partners:

  • Liability is generally limited to the amount invested
  • Personal assets are protected from business risks
  • Each partner is typically not liable for the actions of others
Tax transparency

In many jurisdictions:

  • LLPs are tax-transparent (profits taxed at partner level)
  • Avoids corporate-level taxation
  • Efficient for structuring investment income