Chascam Llp

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Information about words in this company name or address

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.

chester le street

Chester-le-Street is a town in County Durham, England. It has a history going back to Roman times when it was called Concangis. The town is located 7 miles south of Newcastle upon Tyne and 8 miles west of Sunderland on the River Wear. The Parish Church of St Mary and St Cuthbert is where the body of St Cuthbert was laid to rest for some 112 years before being transferred to Durham Cathedral, and is the site of the first translation of the Gospels into English, Aldred writing the Old English gloss between the lines of the Lindisfarne Gospels there.

It is a market town; markets are held on Tuesdays, Fridays and Saturdays. Until 2009 the town had its own local government district. This was formed by the amalgamation in 1974 of the former Chester-le-Street Urban and Rural Districts. It was abolished in 2009 when Durham transitioned to a unitary authority as part of the 2009 structural changes to local government in England, a move that was controversial at the time
Chester-le-Street railway station, on the East Coast Main Line of the National Rail network, between Newcastle and Durham, opened in 1868. It offers local connections and cross-country train services. As of 2008, train operators serving the station are CrossCountry, First TransPennine Express and Northern Rail. A local independent company, Chester-le-Track, has operated the station since 1999, as an agent for Northern Spirit, Arriva Trains Northern and Northern Rail