Q: How do I contract with a partnership?
A: This depends on the type of partnership. A Limited Liability Partnership (LLP), and a Limited Partnership are both corporate bodies and it is possible to contract with them in the…
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Glossary

Term	Description
Fixed Equity Partner	A partner who has a fixed share of equity in a partnership and whose drawings are fixed at a set amount. It is similar to a Salaried Partner but usually more tax efficient as a fixed equity parter is self employed and taxed under Schedule D.