Kraken Business

Tag: limited partnership

  • Set up and register a partnership

    Set up and register a partnership

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    Team Kraken

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    This guide looks at the requirements that ordinary partnerships have to meet. A partnership is a relatively simple and flexible way for two or more people to own and run a profit-making business together. Social enterprises and other non-profit making organisations should not use this business structure. Unlike the shareholders in a limited company, the…

  • Set up and register a limited partnership

    Set up and register a limited partnership

    —

    by

    Team Kraken

    in

    ,

    A limited partnership is a business structure which has both general and limited partners. General partners are liable for the full amount of the partnership’s debt, whereas limited partners are only liable for the debts or obligations that they initially invest in the business. There may be benefits for running your business as a limited…