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Does an LLP Need a PSC?
Riggsy1367
Posts: 172 Forumite
Hi
Just wondering if an LLP needs to have a person of significant control or can all three people have equal rights?
TIA
Just wondering if an LLP needs to have a person of significant control or can all three people have equal rights?
TIA
:beer:
0
Comments
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You dont have to have a single person with significant control and its fairly likely in the case of a three way partnership that all three partners will have to be listed as a person with significant control.
For a LTD its anyone with 25% or more of the shares or voting rights. Its somewhat paralleled for LLPs so anyone with a claim of 25% or more on surplus assets on winding up0
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