Securing your interests through a partnership agreement
‘You can’t always see eye to eye with others, which is why your interests need to be protected by a well drafted partnership agreement’
As a partner, you’ve no protection if the business runs into trouble. That’s why you should think about protecting yourself with a partnership agreement. We can make sure it reflects not only your wishes, but also those of your partners and the business.
Would an LLP conversion be better for you?
We can advise you on a partnership agreement for a traditional partnership. However, if you’d rather not expose yourself to unlimited liability, a limited liability partnership (LLP) may be a more appropriate structure for you.
An LLP is flexible, like a traditional partnership, but also offers the benefit of reducing your financial responsibility as a partner. Many partnerships have realised the benefits of LLP conversion.
We can provide detailed guidance to identify the advantages and risks associated with the type of partnership you require. We can also tailor the partnership agreement to meet your needs, and your area of operation and practice.