We regularly provide advice to existing partnerships and LLPs (or to their individual partners and members) on issues of general governance, buy-outs and even disputes.

We also advise entrepreneurs and business people on the benefits of setting up a partnership or an LLP, which can often allow more flexibility than traditional limited companies in terms of legal governance, decision making and receipt of income.

We have significant expertise in partnership matters and can prepare partnership and LLP agreements tailor-made to your specific requirements.

Partnership or LLP agreements govern the relationship between the parties and provide the framework for admission and removal of partners or members. They also set out other key terms relating to the rights, responsibilities and remuneration of the parties.

We also regularly work with our client’s tax advisers and accountants on partnership matters.