Open a LLP solely for trading

Can one open a LLP with the sole purpose/objective of trading where only the partners use their own money for trading and the money is not lent out to anyone ?

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Yes, you can. Your deed will have to mention the trading clause clearly.

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What are tax reputations.

Hi, @VM1 could you suggest procedures?

Thank You

Sorry, what procedures do you want me to suggest? If its about how to setup an LLP, I suggest you contact a Chartered Accountant.

Great!

Thanks @VM1