Limited Liability Partnerships

Limited Liability Partnerships are a form of legal ownership that gives the benefits of limited liability, but allows its members the flexibility of organising their internal structure as a traditional partnership. It has been used by housing associations and local authorities together with private developers in order to deliver low cost home-ownership/equity share and social housing, for example the L&Q Group and George Wimpey in Academy Central, Barking. It is also the form adopted by Riversimple, the project to prototype an electric car.