Our partnership team has broad experience of partnership matters for a wide range of businesses and professions.
Areas of expertise include:
- Partners or members agreements
- New partners
- Retirement or expulsion of partners and dissolution agreements
- Restrictive covenants
- Limiting liability
- Acquisitions, sales and mergers
- Conversion of partnerships to companies or limited liability partnerships (LLPs)
- Use of partnerships, limited partnerships and LLPs for investment, tax or other structuring purposes
Excellent combination of high quality work and great service. Good accessibility and fast response times.
THE LEGAL 500
Limited liability partnerships are widely used as they provide limited liability for all the members and the advantage of a separate legal entity with (subject to certain conditions) the same tax treatment as applies to an ordinary partnership, and are frequently used in professional services firms and in franchise and investment structures. LLPs, whilst offering substantial protection, do not solve all concerns over personal liability and we are experienced in limiting the liabilities of individual members and in advising on what structure or entity will be most suitable for your purposes.
It is important for partnerships and LLPs to have written agreements between the partners or LLP members, because the rules that will apply in default of a written agreement will often not be what the parties intended.
Our partnership clients range from very large businesses to the smallest start-ups. They include single purpose vehicles (e.g. for specific investments) and joint venture partnerships between corporate partners, both national and international.
