Partners would normally be personally liable for the partnership debts on a joint and several basis which can create a complex situation of interlinking partnerships and personal liabilities.
Limited Partnerships and Limited Liability Partnerships (LLPs) reduce the burden to a greater or lesser degree.
We can help you to understand how partnership and personal positions interact and devise an appropriate strategy to achieve the best result for all concerned.
Please contact a member of our team to discuss any concerns you may have.
John Harlow and Lynda Butcher are licenced in the UK as Insolvency Practitioners by the Insolvency Practitioners Association. When acting as Receiver, Administrative Receiver or Administrator, John Harlow acts as agent only, without personal liability and when acting as Administrator, the affairs business and property of the company are being managed by him. Lynda Butcher holds a non-appointment taking licence.