Vertex Law

 

There are many reasons why a partnership may be favoured over a traditional limited liability company, which may include tax reasons, however, partnerships may not provide the same security that is enjoyed by a limited liability company, depending on different factors including the type of partnership and the area in which the partnership operates.
 

Limited Liability Partnerships were introduced in April 2001. They are a hybrid between limited liability companies and traditional partnerships, and offer both the limited liability available to company shareholders and the tax regime available to partnerships and, as such, are an attractive option. 
 

This attractiveness has led a large number of professional practices (such as lawyers and accountants) to convert their partnerships into LLPs with our help. We also help start-up businesses who are looking for this flexibility, in relation to the formation of LLPs.
 

Our commercial law team has many years experience providing services to all forms of partnership including:

• Setting up a new partnership and the associated partnership agreement
• Setting up an LLP and the associated LLP deed
• Partnership disputes
• Converting an existing partnership to an LLP
• The dissolution of any form of partnership
• Disputes between partners or members of an LLP