After the introduction of the limited liability partnership (LLP) Act in 2000 many partnerships chose to convert to an LLP. When this process occurs, the partners become members of the LLP and their assets are transferred. While the process is simple, the legal aspects can be difficult to understand.
For years, the visual representation of the working environment has always been an office. To many, this is still the case. While the physical office space has its advantages, times are changing and nowadays technology allows us to run entire businesses from a computer.
News reports this year claimed that almost half of Britain’s leading companies were failing to comply with the law by avoiding paying their taxes. Over 100 firms on the FTSE 350 index have now been accused of tax evasion, with many leading firms hiding profits offshore to avoid paying UK tax.
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