Keep in mind that you can set up a Limited Liability Partnership, which would seem to make a lot of sense in this situation. Liability is limited in the same wa

Keep in mind that you can set up a Limited Liability Partnership, which would seem to make a lot of sense in this situation. Liability is limited in the same was as in a Ltd. company, but it differs in how profit sharing is handled. Check with an accountant for details. http://en.wikipedia.org/wiki/Limited_liability_partnership#United_Kingdom http://en.wikipedia.org/wiki/Limited_liability_partnership#U...