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Reasons to Establish an LLP in Northern Ireland

Reasons to create an LLP in Northern Ireland

Create an LLP in Ireland

Reasons to create an LLP in Northern Ireland: from a legal point of view, the Limited Liability Partnerships Act of 2002 in Northern Ireland allows regional business registrations to have an LLP element with varying degrees of overall control within a business. In terms of actual liability, investors in an LLP situation are only liable for the amount of their individual investment should the worst happen - this is a considerably better outcome than a number of other company arrangements.

Regarding the country itself, Northern Ireland has shown itself to be economically resilient in recent years, and sustained periods of healthy business activity have been in place in spite of other negative political publicity. The gradual transition of ruling power to their own internal government has led to a number of key benefits for businesses that are registered in the region, and limited liability partnership creation in Northern Ireland is something that should be considered by a wide variety of business types.

These positive factors have led to low rates of unemployment, and the accompanying economic growth has stood out in uncertain times for the rest of not only the UK, but also the European Union. If this geographical location sounds like an appealing prospect for any business owner(s), if you need to understand more about the reasons to create an LLP in Northern Ireland, Coddan Ltd advisors are well-prepared to assist from initial discussions through to completing all legal.