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Partnership?

  • 29-09-2008 11:56pm
    #1
    TelePaul
    Registered Users, Registered Users 2 Posts: 4,093 ✭✭✭


    Hey guys, posting on behalf of someone who wants to go into business with a friend of his.

    Am I right in assuming that this type of business will be registered as a partnership? If so, is this different from a Limited Partnership (assuming a 50/50 split in the ownership of the business)?


Comments

  • #2
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Here check this out, this will help you:

    http://www.startingabusinessinireland.com/artsetup.htm


  • #3
    TelePaul
    Registered Users, Registered Users 2 Posts: 4,093 ✭✭✭TelePaul


    Deleted User wrote: »
    Here check this out, this will help you:

    http://www.startingabusinessinireland.com/artsetup.htm

    Thanks alot, but is the Partnership described in that artcile different to a Limited Partnership? The only reason I ask is that the CRO website makes provision for a Limited Partnership when it comes to registering...so are they the same thing?


  • #4
    antoinolachtnai
    Registered Users, Registered Users 2 Posts: 9,815 ✭✭✭antoinolachtnai


    No they are not the same.

    Do not enter into a partnership arrangement without professional advice. In general they will advise you not to enter a partnership arrangement.

    Some other arrangement (subcontracting sole contractors, limited company, etc.) is a much safer situation.


  • #5
    Bren1609
    Closed Accounts Posts: 459 ✭✭Bren1609


    You should try posting this in the accountancy forum to get more detailed info on partnerships and Ltd comnpanies.


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