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Call 01 539 57 90
Call 01 539 57 90
A partnership is when two or more sole traders come together to own assets, to trade and to share in the benefits on an agreed percentage basis.
A partnership agreement will govern the way the assets are owned and the way decisions are made. Getting this agreement right is very important.
Unlike companies, partnerships are not separate legal entities in themselves and limited liability (up until relatively recently) was not available. The UK introduced Limited Liability Partnerships (LLP's) in 2001.
Partnership accounts will be required for tax purposes as well as being used for decision making and management purposes. Accounts will also be needed for dealings with external bodies such as banks, government grant providers, etc.
At McCambridge Duffy we have the team to offer the best advice on the structure you need and to identify when and how to switch to a corporate structure, an LLP or to introduce new business partners. Our tax, company law and insolvency skills all combine to ensure that we not only can we provide the ongoing accounts and bookkeeping services but we also can anticipate and manage any changes in the business structure.
We have a team of chartered accountants and staff to help with your Audit and Accountancy needs.
Our Senior Accounting and Tax Team are qualified members of the Irish Taxation Institute.
We offer Business Consultancy to both smaller and larger businesses, whether it's compliance or consultancy related..
We cover, accountancy, taxation and Insolvency in both the UK and Ireland.
We have experience in dealing with a broad range of Business Sectors in both the UK and Ireland.
Browse through our Business Downloads at your lesiure.
© 2021 McCambridge Duffy All. rights reserved
McCambridge Duffy Limited is a Limited Company registered in Ireland
Registered number 527584
Registered office Suite 6, Spencer House, High Road, Letterkenny, Co. Donegal, F92 V8XC