Wholley Goodings Llp

Other Businesses near Wholley Goodings Llp  Pethgate House, Castle Square, Morpeth, Northumberland, NE61 1YB

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• K Adams
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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.

morpeth

Morpeth is the county town of Northumberland, England. It is situated on the River Wansbeck which flows east through the town. The town is 1.25 miles from the A1, which bypasses it. Since 1981, it has been the administrative centre of the County of Northumberland. In the 2001 census the town had a population of 13,833. Nearby villages include Mitford and Pegswood.
The lower tier is Morpeth Town Council with 15 members. Morpeth is a civil parish with the status of a town. For the purposes of parish elections the town is divided into four wards: North Central, Kirkhill, Stobhill and South, each returning between three and five town councillors.

The upper tier of local government is Northumberland County Council. Since April 2009 the county council has been a unitary authority. Previous to this there was an intermediate tier, the non-metropolitan district of Castle Morpeth, which has been abolished along with all other districts in the county. The county council has 67 members, of whom 3 represent the electoral divisions of Morpeth Kirkhill, Morpeth North and Morpeth Stobhill. All three are members of the Liberal Democrats