General partnerships and LLPs are popular types of business structure in many sectors, not least because of the advantages they offer to their creditors. However, with their advantages also come many potential legal issues which must be addressed carefully in order to comply with partnership law.
Our Commercial team has extensive experience in advising on partnership law and LLPs. Whether you are a start-up or a long standing partnership or LLP, we are well placed to assist you in drafting, reviewing and improving your partnership documentation.
We have also acted for many clients who, since the passing of the Limited Liability Partnerships Act 2000, have converted from partnerships to LLPs. Where conversion is your preferred course of action, our team can advise on all aspects of the conversion process.
We also understand that partnerships, like any business relationship, are not always plain sailing, and in the event of a partnership dispute our team are on hand to offer timely and incisive advice.
If you would like to discuss partnerships and LLPs in more detail, please contact our team and we will be happy to advise you.