Abacus Financial Services
Partnerships & LLC's
In certain circumstances partnerships or limited liability companies (LLCs) are the preferred vehicle for asset ownership or trading, particularly when a structure needs to be transparent for tax purposes. We form and manage both limited partnerships, ordinary partnerships and LLCs for asset holding and trading purposes. Limited partnerships require a general partner to look after the day-to-day management of the partnership and for which we would normally form a special purpose company. Partnership structures are increasingly being used in collective investment schemes and private equity vehicles. LLCs are commonly used for U.S. planning as they are considered a look through vehicle for tax planning.