Partnerships arise when two or more people begin trading together with a view to making a profit. This fact can surprise even the most experienced business people and has been set in stone since The Partnership Act 1890. This Act continues to bind people in Partnership whether an Agreement has been expressly drafted. It therefore deals with the distribution of capital contributions, disputes, profit sharing and dissolution of Partnerships, items it is clearly best to be resolved between partners prior to embarking in business together.
Stephen Rimmer LLP can provide expert advice on the drafting of Partnership Agreements, Deeds of Dissolution and Indemnity and the transferring of Partnerships to Limited Liability Partnerships (or LLP’s).
Our team acts for a wide range of businesses and can advise on all Partnership LLP related matters. To discuss any Partnership matter please contact a member of our team today.