Partnership & LLPs: Incorporation and conversion from partnerships/companies

IN BRIEF
Increasingly businesses are moving away from the partnership structure and conversion to an LLP can provide:
  • Flexibility in management
  • An appropriate tax regime
  • Removal of personal liability
The Commercial team has experience in the incorporation process both for professional practises and all businesses large or small. It advises in relation to the process, regularly drafts and negotiates the LLP agreements and related business transfer documentation.