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Headline

Cobbetts coy over profit as figures fall

Comment

So if the partners aren't liable for the losses then who is? They might not be in a formal insolvency but if a firm (or LLP) wants to contiunue to trade then the partners will have to share the losses. Which means repaying drawings and re-capitalising the business - as presumably the losses will reduced members interests.

Posted date

11-Aug-2009

Posted time

5:36 pm

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