Professional Practices, Partnerships and LLPs

We have a detailed understanding of the variety of legal, commercial and regulatory factors that our clients deal with as part of the establishment and management of LLPs and other types of partnerships or members’ associations.

Our bespoke advice is specific to the needs of each client and tailored to meet different challenges across a range of sectors including the regulated financial services industry and professional practices and accountants, lawyers, surveyors and recruitment agents. We are also experts in the use of LPs and LLPs as joint venture vehicles and the establishment and running of members’ associations.

Our advice extends beyond the narrow corporate space too. We advise partnerships in other areas including IP and commercial, employment, corporate tax, dispute resolution and collective investment schemes.

This means we can help advise on a range of issues that members of partnerships face – including admission of new members, profit sharing and capital, exits, partnership disputes and succession planning.

Experience

  • We advised a leading London estates agency on its conversion to LLP status.
  • We advised a members golf club on its conversion from an unincorporated members golf club on its conversion from an unincorporated members club to a guarantee company with a related approved loan note offer to its members to fund the purchase of the freehold.

Bulletins

Not taking a risk assessment before entering a joint venture may see you fail like Sainsbury’s

The read the full article by Janice Wall and Kamalprit Lally, first published in Real Business on 21 July 2016, please click here.