If you are entering into business with one or more other persons and decide on creating a Partnership or a LLP (rather than a Limited Company set up) you will need to have an Agreement in place that provides a framework of your duties and responsibilities to each other as well as regulating procedure on a number of important matters between you.
Our standard Partnership Agreement provides you peace of mind on a number of potentially important issues, such as:
- How the important decisions are taken between you
- Disposing of your Partnership Share (exiting)
- Establishing a procedure if a partner dies or becomes bankrupt or has to leave the business
- The process of valuing a Partner’s Share for someone selling their share
We can advise the partners on establishing their business and agreeing the form of their Partnership Agreement. Later we can advise the partners at each important stage as their business grows or further partners are taken as well as operating the provisions contained in their Partnership Agreement.
To arrange an appointment to discuss with one of our specialist lawyers, please contact the Company & Commercial Department secretary Jan Lawrence.
Telephone: 01296 596969