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Since the Limited Liability Partnerships Act 2000 came into force, the limited liability partnership (LLP) has been available as a form of legal entity. Unlike the traditional form of partnership, the LLP is a separate legal entity and in this regard, is similar to a limited company. However, for tax purposes, the LLP is treated in the same way as a traditional form of partnership.
The LLP is particularly popular amongst professional practices such as solicitors, accountants, architects and chartered surveyors. We have incorporated a number of LLPs on behalf of clients and assisted with the transfer of existing businesses into the LLP structure.
For bespoke advice about limited liability partnerships, contact our corporate law solicitors in Chichester, Fareham, Havant or Petworth, or fill in our online enquiry form and a member of our team will be in touch shortly.
We can assist with all aspects of setting up and incorporating a limited liability partnership, including:
We can also provide associated corporate and commercial law advice, including:
There are many advantages to setting up a limited liability partnership over a traditional partnership, namely partners of an LLP are predominantly protected from personal liability.
However, it is important to fully understand each partners’ legal obligations and put in place the correct contracts, agreements, policies and procedures to regulate partnership relationship and protect your interests and the interests of the LLP as a distinct legal entity.
Our team includes commercial and corporate law specialists who works with businesses across a wide range of sectors. Lance Terry, a Partner within our firm, with expertise advising on intellectual property, trade marks and copyright as well as a broad range of corporate transactions and commercial contracts. Lance has particular expertise advising the IT industry.
Our team also includes Associate, Scott Richardson, whose areas of specialisation cover everything from LLP incorporation and general business secretarial work, to drafting LLP agreements & corporate and commercial contracts, to advising on LLP mergers & acquisitions.
Our corporate law solicitors are dedicated to providing the highest quality of advice to businesses across Hampshire and West Sussex.
When you work with us, we promise that:
Glanvilles is Lexcel accredited by the Law Society for our high-quality practice management and client care, and we are independently regulated by the Solicitors Regulation Authority (SRA).
For bespoke advice about limited liability partnerships, contact our corporate lawyers in Chichester, Fareham, Havant or Petworth, or fill in our online enquiry form and a member of our team will be in touch shortly.