Choosing the appropriate partnership structure for your business venture is important because it affects many aspects down the road such as legal protections and levels of taxation. It is also not a simple matter to change structures later.
Whilst there is no legal obligation requiring a business partnership to put in place a Partnership Agreement, it is very important to do so in order to regulate the business relationship.
At an initial consultation, our partnership agreement lawyers will discuss the areas that are important for your business and supply you with a checklist identifying those topics which prospective partners should discuss and agree on at the time of forming the business.
Contact Sanjay Soni s.soni@thpsolicitors.co.uk or Malcom Head m.head@thpsolicitors.co.uk or call 01491 570 909 to see how we can help with your business needs.
Whilst partnership agreements are voluntary, well drafted agreements are designed to provide clarity and certainty to the business relationship between partners, protect their interests and ensure all the partners know where they stand in relation to each other. They are also very useful should a dispute between partners arise.
We regularly advise partnerships and LLPs, as well as individual partners and members, on disputes, including:
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