| Commentary

16.1 Introduction

| Commentary

16 Factors other than taxation

16.1 Introduction

There are several other factors which may influence the choice between a sole trade or general partnership on the one hand and a vehicle with separate legal personality (such as a limited liability company or a limited liability partnership) on the other. Some of these are no longer of great significance because the differences between the various types of business vehicle have been removed by statute or will shortly be so. Topics falling into this category include the number of participants in the business and its contractual capacity. Other factors are too complex

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial