Shaz shares an overview of the LP hybrid model, explaining exactly what it is and how it works

He shares informative content that helps to explain the process and discusses why it's vital that any hybrid LLP is planned and set up properly

 

KEY TAKEAWAYS

• A partnership is two or more individuals who form a business
• An LLP can be two or more people or two or more entities
• As the properties are introduced into an LLP the limited company becomes a managing company, managing the properties for the LLP
• The LLP may pay management charges or have more control and ownership
• If the limited  company collects the rent and pays the mortgages it can claim the tax relief
• When the funds are in the LLP the individual partner draws down on their capital account tax-free
• In an LLP or partnership, there is a profit-share ratio

 

BEST MOMENTS

‘A profit share doesn’t have to be in line with a capital share’

‘It needs to be planned and set up properly’

‘ If you are forming an LLP you should be doing it for the right reasons’

 

VALUABLE RESOURCES

[email protected]

 

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

•   Facebook
•   LinkedIn
•   Instagram
•   YouTube.