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Partnership and LLP Agreements Bio Image

Partnership and LLP Agreements Specialist partnership and LLP agreement solicitors in Milton Keynes

Putting a clear and comprehensive partnership or limited liability partnership (LLP) agreement in place is an essential part of ensuring your business is well run and the risk of disagreements have been minimised.

We can help you decide which is the most suitable business vehicle for you – a general partnership that is not a separate legal entity distinct from its partners or an LLP that is a separate legal entity that reduces a partner’s liability to the amount they put into the business.

Both provide a number of different advantages and implications and what is right for you will depend on the nature of your partnership and its priorities.

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At Heald Solicitors in Milton Keynes, we draw up agreements for partnerships and limited liability partnerships that deal with a range of eventualities and set out what is expected of each partner.

Our corporate and commercial solicitors will work with you to understand the structure of your partnership and how best to safeguard your enterprise. We will draw up a strong agreement that ensures everyone understands their duties, obligations, and liabilities from the start.

We draw up agreements for partnerships and limited liability partnerships that deal with a range of eventualities and set out what is expected of each partner.

Key provisions in a partnership or LLP agreement

A partnership agreement should be tailored to your unique circumstances and requirements, but will often include the following provisions:

  • Details of capital contributions;
  • How profits and losses will be shared;
  • What is expected of the partners in terms of work taken on and responsibilities;
  • What decisions a partner can make unilaterally and what must be agreed jointly;
  • The process for taking on a new partner;
  • What will happen in the event that a partner wishes to leave or dies;
  • A dispute resolution process.
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Our partnership and LLP agreement services

Our partnership and LLP agreement lawyers deal with a range of partnership issues, including the following:

  • Advising you on the contents of a partnership or LLP agreement - guidance as to what will be appropriate for your business;
  • Drafting a partnership or LLP agreement – working with you to include all necessary provisions for the smooth running of your partnership;
  • Explaining your liability on signing a partnership or LLP agreement – ensuring you fully understand the implications of entering into a partnership;
  • Dispute resolution – advice and representation when difficulties arise.
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Get to know us wih a call back, at a time that suits you. Let us offer some guidance and direction to start your journey with Heald today.

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For expert advice contact our partnership and LLP solicitors

At Heald Solicitors, our partnership and LLP solicitors can advise you in respect of all aspects of entering into an agreement as well as resolving difficulties should they arise.

While our office is in Milton Keynes, we regularly work with clients throughout England and Wales, often remotely, meaning that you can expect the same expert legal advice and excellent client care wherever you are located.

If you wish to talk to an expert partnership and LLP solicitor, please get in touch with our legal expert David Dees.

01908 355 405
david.dees@healdlaw.com

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Partnership and LLP Agreements Bio Image

Our Legal Expert David Dees

Get to know us wih a call back, at a time that suits you. Let us offer some guidance and direction to start your journey with Heald Solicitors today.