We can incorporate a Scotland Registered Limited Partnership. A great benefit is the Limited Partnership’s income is not taxed at the business level. Instead, business profit and loss are passed through to the partners for reporting on their personal tax returns.
This type of partnership requires 2 or more people, at least 1 person to act as the General Partner who has management authority and personal liability, and at least 1 person to act as the Limited Partner who is an investor and has no management authority.
To view more information on our Limited Partnership formations, please click here: