PPRuNe Forums - View Single Post - Owner liability
Thread: Owner liability
View Single Post
Old 25th March 2009 | 17:28
  #9 (permalink)  
Fuji Abound
 
Joined: May 2001
Posts: 4,631
Likes: 0
From: UK
No, once established there is nothing to stop an LLP becoming a non profit organisation and although in theory an application could be made to wind up the LLP I cant imagine why a third party would ever do so.

It may even suite the partners to operate at a small profit.
Fuji Abound is offline  
Reply