What matters most for LLPs and professional partnerships
Law firms, surveyors, consultancies and property joint ventures trading as LLPs.
• Profit allocation under the members' agreement, including mid-year changes
• Salaried member rules for fixed-share and junior members
• Members' tax reserves so nobody is short in January
• Work in progress and unbilled time at the year end
• Corporate members and the mixed member anti-avoidance rules






