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Many businesses are set up as a limited company. However, there are also many businesses which are structured as partnerships professional firms and medical practices are examples. A fairly recent development is the limited liability partnership (LLP). This allows partners to have limited liability like a limited company but preserves much of the internal arrangement and tax treatment of a partnership.
Whether you’re just setting up as a partnership or you’ve been part of a partnership for years looking to become an LLP one thing is certain: you will need to have an up to date partnership agreement to provide for all the arrangements between you and your fellow partners.
Partnership Agreements should be reviewed every few years as the size and scope of the partnership business changes. That is easy to understand in the context of a dispute. But it is also important to help sort out retirement or other arrangements when you or another partner wants to leave the partnership.
That is where we come in.
Ashton KCJ is a partnership. That means we know all about it from a personal as well as a professional view, and it means that you can benefit from our years of experience. In fact we’ve helped a whole range of partnerships throughout the Eastern Region and beyond.
Similarly, if you are thinking of setting up an LLP or converting your current partnerships into one, this need not be overly complicated. Our team of commercial lawyers will be only too pleased to guide clients through that process.
So, if you’re based in the Eastern Region or beyond you should contact us.
Ashton KCJ commercial solicitors can assist in the following areas:
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