This post was co-written by Lesley Harrold, Senior Knowledge Lawyer (Pensions), Norton Rose Fulbright LLP (London)
Since its introduction in 2000 the limited liability partnership (“LLP”) has become a popular corporate vehicle for professional services providers in the UK, especially legal and accountancy firms, many of which have converted from traditional partnerships to LLPs. An LLP combines the flexible structure of a partnership with the advantage of limited liability for its members, which arises from it having separate legal personality.
The UK has different categories of employment status: Self-employed, employee and worker. Whilst partners in a traditional partnership … Continue Reading