Insectus 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.

cramlington

Cramlington is a town and civil parish in the county of Northumberland, North East England, situated 9 miles (14 km) north of the city of Newcastle upon Tyne. The town''s name suggests a probable founding by the Danes or an Anglo-Saxon origin, the word "ton" meaning town. The population was estimated as 39,000 in 2004.

The village of East Cramlington lies east of the A189, on the B1326 road that connects Cramlington to Seaton Delaval.
The town is served by Cramlington railway station, with services to the MetroCentre, Morpeth and Newcastle upon Tyne provided by Northern Rail. Cramlington has an extensive bus service which is provided by Arriva Northumbria, including a number of express services to Newcastle upon Tyne.

Cramlington also has good road transport links, being situated between the A1, A19 and A189 roads.
Cramlington''s main leisure centre, Concordia, is situated in the town centre adjacent to the shopping mall and was opened by Queen Elizabeth II in 1977. It consists of a leisure pool, originally designed as an indoor tropical paradise, indoor football pitches, tennis, badminton and squash courts, as well as a climbing wall. It also features a gymnasium, sauna, bowling green, and bar. 2008 sees a number of improvements to the centre to bring it in line with the current Disability Discrimination laws in England.

As part of the new town design, the town has a large cycle path network. A cycle route also connects the town to the nearest beach, in Blyth. As of late March 2007, Blyth Valley council have announced that the cycle network is to be extended to allow access to the neighbouring town of Bedlington.