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Something different: Using a property LLP

By Sarah Bradford, January 2021

Sarah Bradford highlights some of the advantages and disadvantages of using a property LLP. 

When looking to set up a property business, most people will weigh up the pros and cons of operating as an unincorporated property business or as a limited company.  

However, these are not the only options available to would-be landlords; another option to consider is operating as a limited liability partnership (LLP). 

A property LLP can work well in a family situation. It can also be beneficial where individuals wish to group together to hold property while sharing risk and expertise. 

What is an LLP? 

An LLP is something of a hybrid between a company and a traditional partnership. Like a limited company, it offers the advantage of limited liability; and like a traditional partnership, it provides the flexibility to agree how to share

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