A partnership is formed when two or more individuals operate a business together.
Partnerships are becoming less common because they suffer from several disadvantages:
As a consequence, many partnership businesses have been incorporated into limited companies or limited liability partnerships, depending on their particular circumstances and we have assisted in this process.
Such changes may not suit all partnership businesses. Where this is the case, we will continue to advise and assist those businesses in dealing with their compliance obligations, such as annual accounts, VAT Returns, partnership and personal tax returns. We also continue to assist partnership clients to maximise tax efficiency and opportunities as far as possible within their existing business structures.
On behalf of us all a very big thank you to you and everyone at Dendy Neville for your support in helping us grow the business over the last 20 years. You have been a key partner to us and a pleasure to work with.