A summary of the main advantages and disadvantages of both
structures.
Each structure has advantages, the choice is ultimately driven
by your objectives such as profitability, tax and future
strategy.
In our survey, nearly half of respondents said that they were
considering changing their business structure. We therefore thought
it would be helpful to set out a few advantages and disadvantages
about two widely used structures for financial services businesses:
a company and a limited liability partnership (LLP). The choice
between the two structures depends on numerous factors such as
commercial convenience, tax and future succession/exit.
Below is a summary of the main advantages and disadvantages of
both structures:
