Credit Control
Limited Liability Partnerships
Limited liability partnerships are a creature of the Limited Liability Partnerships Act 2000. Designed to combine the flexibility of a partnership with limited liability for its members various provisions of the Companies Act and Insolvency legislation will apply with the filing of various documents with the registrar of companies being a requirement.
Limited liability partnerships must be designated as such as on all business stationery with the letters "LLP" being appended to the end of its name.
- Government or Local Government Authority
Whilst these bodies can sometimes be slow payers ultimately they will have a low credit risk. Hopefully the late payment of interest legislation will improve payment performance from such bodies.
| Tel: 0141 331 2332 | © Yuill + Kyle 2012 |
| Fax: 0141 332 4223 | 79 West Regent Street |
| Email:info@debtscotland.com | Glasgow G2 2AR |
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