RE: FN-FORUM: Umbrella Companies

date posted 1st February 2006 15:34

The whole benefit of the LLP is that the liability is limited to the
relevant partner(s). And if there are only 2 partners, one of which is
the Ltd company. I was referring to the N.I. aspect rather than the
umbrella part.=20

-----Original Message-----
From: [EMAIL REMOVED] [EMAIL REMOVED] On Behalf Of Andy
Henderson
Sent: Wednesday, February 01, 2006 4:05 PM
To: Andy Macnaughton-Jones
Subject: RE: FN-FORUM: Umbrella Companies


Andy Macnaughton-Jones wrote:
> Ltd company sub-contracts LLP which then pays you as a partner in the=20
> LLP. LLP is a partnership and so doesn't pay employers NI to partners=20
> (although it would to an employee)

But if the umbrella is an LLP then you become liable for everyone else's
activities since you're all partners. Not sure any of the umbrellas
work that way do they? If the LLP is specific to you then you lose the
benefit of the umbrella since you have to administrate it.

Andy


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