Gaelin Bannerman 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.

south shields

South Shields is a coastal town in Tyne and Wear, England, located at the mouth of the River Tyne to Tyne Dock, and about 4.84 miles downstream from Newcastle upon Tyne. The town has a population of 82,854, and is part of the metropolitan borough of South Tyneside, which includes the riverside towns of Jarrow and Hebburn and the villages of Boldon, Cleadon and Whitburn. South Shields is situated in a peninsula setting, where the River Tyne meets the North Sea. It has six miles of coastline and three miles of river frontage, dominated by the massive piers at the mouth of the Tyne. These are best viewed from the Lawe Top, which also houses two replicas of cannon captured from the Russians during the Crimean War, the originals having been melted during World War Two.

The town slopes gently from the Cleadon Hills down to the river. The Cleadon Hills are made conspicuous by the Victorian water pumping station and a now derelict windmill which can be seen from many miles away and also out at sea.

tyne and wear

Prior to its uniform adoption of proportional representation in 1999, the United Kingdom used first-past-the-post for the European elections in England, Scotland and Wales. The European Parliament constituencies used under that system were smaller than the later regional constituencies and only had one Member of the European Parliament each.

The constituency of Tyne and Wear was one of them.

When it was created in England in 1984, it consisted of the Westminster Parliament constituencies of Gateshead East, Houghton and Washington, Jarrow, Newcastle-upon-Tyne East, South Shields, Sunderland North, Sunderland South, Tyne Bridge, although this may not have been true for the whole of its existence.