We have significant experience in advising partnerships and LLPs on all stages of their development including:
- suitability of different corporate structures (including the form of the Partnership Agreement)
- business formations
- conversions from partnerships to LLPs
- business mergers and demergers
- agreements governing the arrangements between partners or members (including retirements, expulsions, formation, appointments, annuity arrangements and succession planning)
We can prepared and advise on the following types of:
- partnership agreement
- members agreement (for LLPs)
- shareholder agreement
- retirement agreement
- partner agreement (for Associates or Salaried Partners)
- fixed share partner agreement
- profit sharing arrangement
- consultancy agreement
- referral agreement
The legal structure of a Partnership is extremely important and should be recorded in a detailed Partnership Agreement. All partners need to be aware of their rights and responsibilities from the outset which is why it is essential that these are outlined in a Partnership Agreement.
At Pannone we have a cross-departmental team of solicitors dedicated to helping you draft the right Partnership Agreement for your business.
We also advise on Limited Liability Partnerships, the Partnership Act and Partnership Dissolution. Our team is one of the largest in the North West and described as having "a strong presence in both contentious and non-contentious matters" by Chambers UK Guide 2010.
For further information on Partnership Disputes click here.
Recent matters include:
- partnership agreement for a GP surgery
- LLP members' agreement for a new legal disciplinary practice
- purchase of a solicitors' practice - acting for the buyer
- advice to a solicitors' practice in relation to the successor practice rules and implications for the business
- conversion of a sole practitioner law firm to an LLP
Why use a Partnership Agreement?
A good Partnership Agreement can protect your own interests as well as those of your partners and help to secure the future of your business. A badly drafted or non-existent Partnership Agreement may expose you to a range of potential issues, leading to an unsuitable business structure or ultimately partnership dissolution.
Partnership law solicitors
To arrange a discussion with a partnership law solicitor click here or call us on 0800 840 4929.
