A Limited company is made up of shareholders, whilst an LLP is made up on partners and/or members. A Limited company also has to have an issued share capital to illustrate who owns the company. As a shareholder you are eligible – as long as the company is profitable – to a dividend dependent on your shareholding in the company, whilst partners and/or members get a distribution of profits. You can read a more in depth definition of both a LLP and Limited Company in our glossary.
What is the difference between a LLP and a Limited company?
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