LLP crypto distribution?

[Jerry1911]

I'm thinking about registering a LLP in the UK or Canada. Is it possible to distribute profits to a partner in the form of cryptocurrency (instead GBP or CAD)?

Bonus question: if the onshore LLP enters into an agency agreement with an offshore company for the purpose of payment processing (i.e. Paypal, Stripe, Braintree), can the funds be distributed to the offshore co in the form of crypto (minus the processing fee of course)?

Last edited: Apr 4, 2021

 

[CaptK]

In theory yes but I don't think any bank would like that idea. So you must be careful how you present that to your bank.

 

[dlttrading]

i would not presend this case at all to any bank...
just withdraw dividends in crypto . use than private shareholder accounts to exchange to fiat