HOW WE HELP BUSINESSES
LLPs and Partnerships
Partnerships and Limited Liability Partnerships (LLPs) have traditionally been the business vehicle of choice for professional services and smaller financial firms, and remain common in these sectors.
While the legal aspects of partnerships and LLPs overlap with employment law to a limited extent, the way in which people problems are handled within partnerships requires specific expertise. Using our specialist knowledge and experience, we can provide you with technical, strategic, and pragmatic guidance when new members join or leave (whether through retirement or expulsion), and at each stage in between – including obligations associated with profit share, dealing with performance or conduct problems, and all-important reputational protections.
The fiduciary obligations of LLP members adds complexity to team moves and restrictive covenant issues, and must be managed carefully to ensure the necessary legal protection is in place. We’ve seen it all before and know how to cut through the obstacles.