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We have vast experience of amending the structure of law firms, and LLP conversions in particular, which are becoming popular again as the tax advantages of limited companies are not as great as they once were. LLPs are also more suitable to larger law firms.
The conversion process includes:
A managed service to convert law firms to LLPs
Sole practitioners or partnerships of all sizes in all locations.
Attend two hour assessment meeting, two hour planning meeting. Provide regular updates to Partners. Action points from the planning meeting.
Conversion of your law firm to a Limited Liability Partnership (see the detailed process above).
£875 plus VAT for initial assessment meeting. £995 plus VAT for planning meeting and provision of the incorporation checklist. Additional fees to be agreed in advance following the planning meeting.
Armstrong Watson has experience of converting and setting up a number of law firms as LLPs in the past few years.
To find out more about how we can help you or your business, contact one of our Legal Sector Specialists above.
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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.
Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is 15 Victoria Place, Carlisle, CA1 1EW.
Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is 15 Victoria Place, Carlisle, CA1 1EW. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited.
Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is 15 Victoria Place, Carlisle, CA1 1EW.