Different business structures for different types of business
A Partnership Agreement is required when you are trading as individuals and a Shareholder Agreement when you are trading through a limited company. The hybrid model of an LLP is common in professional services and requires a Members Agreement. A Shareholder’s Agreement or a Partnership Agreement is an important document to have within your business and is considered a cost-effective way of reducing the risk of any issues arising. It sets out terms that detail how various matters will be dealt with, providing a forum for dispute resolution should an issue arise down the road.
Our partner led team can help you prepare the right agreement for your situation and business which avoids the uncertainty of default provisions applying and which details the rights and obligations each partner has to the business; structures the relationship in a way to suit the business; and sets out how the business is to be run. They also provide a clear process on how to deal with new and exiting partners and with disputes amongst the partners
How Our Corporate & Business Structures Experts Can Help
We can offer advice on different partnership options; assistance on converting from a traditional partnership to an LLP; clear and workable partnership or LLP agreements; A step-by-step walk through of the process
We can offer advice on the roles and responsibilities of the directors and shareholders; help with drafting the correct type of agreement and ensuring that it reflects the wishes of the shareholders; understanding of what happens to a shareholder’s shares after death, incapacity, or bankruptcy; advice on what circumstances shares can be transferred
Our Corporate & Business Structures Experts
Why Choose Us?
Look online and you will find templates to compile a DIY agreement. We highly recommend you consult our experienced team to ensure the context and every eventuality is covered
Being part of a full service law firm means we can call on colleagues to advise and input into these agreements quickly and seamlessly
Your business agreements should adapt and grow with the business and require regular review as part of your overall strategy and are a form of insurance – experienced legal advice should be sort.
Our Other Corporate Services
Corporate Restructuring & Insolvency
Business survival at the best of times is challenging but how you react to the current crisis, and what actions you take now, can help avoid an insolvency situation. Our experts provide advisory, transactional and litigation services in relation to all restructuring and insolvency matters. We are by side when times are tough
Enforcement of IP can seem expensive, but we help our clients identify what is really at stake in comparison. We work on the basis that your best interests are our interests. We take the time to understand your business and how best to exploit or defend your position whilst always having your objectives front of mind.
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