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Business any risk in setting up a Partnership (Enterprise)?, will one of the Partner borrow loan

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HAoCHa
post Apr 4 2019, 02:08 PM

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QUOTE(azhan82 @ Apr 3 2019, 05:43 PM)
or do LLP ...
more a less partnership.. but with limited liability.. biggrin.gif
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QUOTE(LiMi @ Apr 3 2019, 08:21 PM)
As others said, would be best to go with LLP. IMO many upsides, very little downsides.

All the benefits of partnership, with the limited liability of a company.

It's to protect you from them, and even protect them from you. Lots of partnership got problem because partner run away or do some stupid/evil shit.
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The disadvantage of LLP is cannot get bank loan right? Very important factor.

 

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