Blenheim Street Newcastle Llp

Other Businesses near Blenheim Street Newcastle Llp  Whalton Park, Gallowhill, Bolam, Northumberland, NE61 3TU

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Information about words in this company name or address

street

1. a public thoroughfare, usually paved, in a village, town, or city, including the sidewalk or sidewalks.
2. such a thoroughfare together with adjacent buildings, lots, etc.: Houses, lawns, and trees composed a very pleasant street.
3. the roadway of such a thoroughfare, as distinguished from the sidewalk: to cross a street.
4. a main way or thoroughfare, as distinguished from a lane, alley, or the like.
5. the inhabitants or frequenters of a street: The whole street gossiped about the new neighbors.
6. the Street, Informal.
a. the section of a city associated with a given profession or trade, esp. when concerned with business or finance, as Wall Street.
b. the principal theater and entertainment district of any of a number of U.S. cities.
7. on or in the street,
a. without a home: You''ll be out on the street if the rent isn''t paid.
b. without a job or occupation; idle.
c. out of prison or police custody; at liberty.
8. up one''s street,

llp

A limited liability partnership is a partnership in which some or all partners have limited liability. It therefore exhibits elements of partnerships and corporations. In an LLP one partner is not responsible or liable for another partner''s misconduct or negligence. This is an important difference from that of a limited partnership. In an LLP, some partners have a form of limited liability similar to that of the shareholders of a corporation. In some countries, an LLP must also have at least one "general partner" with unlimited liability. Unlike corporate shareholders, the partners have the right to manage the business directly. As opposed to that, corporate shareholders have to elect a board of directors under the laws of various state charters. The board organizes itself and hires corporate officers who then have as "corporate" individuals the legal responsibility to manage the corporation in the corporation''s best interest. An LLP also contains a different level of tax liability from that of a corporation.

Limited liability partnerships are distinct from limited partnerships in some countries, which may allow all LLP partners to have limited liability, while a limited partnership may require at least one unlimited partner and allow others to assume the role of a passive and limited liability investor. As a result, in these countries the LLP is more suited for businesses where all investors wish to take an active role in management.