Limited Liability Partnership (LLP) structures are designed to promote the growth of partnerships, providing limited liability and a separate legal identity whilst maintaining the tax treatment received by partnerships.
With clear benefits in the sense of business ownership, and management and remuneration structure flexibility, it’s no surprise that there is an increasing number of LLP structures in many sectors.
Our Limited Liability Partnerships expertise
We are one of the few law firms to have worked with LLPs since they became available in 2000, placing us in a strong position to help LLPs to navigate the often complex structures that require careful management.
Whether you are a business owner, management team, investor, partner or corporate member we can advise you on the full variety of LLP agreements and structures. This may include a conversion, start-up or joint venture, to maximise the use of their flexible nature and to match the needs of your business, and its key owners, founders, management or investors.
Limited Liability Partnerships legal support
We can provide you with a flexible, practical, discreet approach to change management issues and disputes that arise between disaffected partners, teams, investors and committees. We specialise in LLP problem solving, troubleshooting and disputes of all kinds in all forums, based on a strong track record and depth of insight and experience of such settlements.
We understand the unique legal issues and the practical challenges facing those in partnerships. We don't impose a distinction between corporate and private interests, or between individual and team interests, and understand that in LLPs they often overlap. Clients tell us that they value our recognition, not only of the commercial focus of the business, but of the impact commercial life has on the private lives of those involved.
Meet the LLPs & Partnerships team
Charles Russell Speechlys advises Guildford Games Developer Community on the launch of Guildford.Games Ltd
Charles Russell Speechlys has advised the Guildford.Games committee, a not-for-profit initiative, on the formation of Guildford.Games Ltd
Public Company Update - May 2021
Read the May 2021 edition of our biannual Public Company Update.
UK SPACs: could changes to the UK Listing Rules spark an increase?
SPAC listing popularity has increased. Could the UK be the next hotspot following proposed changes to the Listing Rules?
Dual class share structures: how do they work and what are the pros and cons?
Dual class share structures allow a shareholder, for example the founder, to retain voting control over a company.
Odey and Hffx: partnerships with mixed membership
Examining two decisions relating to remuneration arrangements in partnerships with individual and corporate membership.
Charles Russell Speechlys releases H2 2020 deal highlights
Our highlights over the past 6 months are now available.
Charles Russell Speechlys advises Dalton Capital (Holdings) Limited on its sale to Polar Capital Holdings Plc
This acquisition has a strong strategic rationale for Polar Capital with its growth and diversification strategy.
HMRC disappoints house builders and partnerships looking for SDLT relief
SDTL relief will only apply where a partnership or LLP was the party acquiring the property in question.
ESG: what does it mean and why is it important for you?
Companies operating in almost every sector are now coming under pressure to report on their ESG credentials and policies.
Points of practice: accelerated whitewashes
In this article, we outline some key points of practice in relation to the accelerated whitewash procedure.
An update on periodic financial information and inside information
Victoria Younghusband provides an update on the FCA's draft technical note and PMB no.23 feedback.
Charles Russell Speechlys cautiously welcomes the Government response to the UK Limited Partnership Law Form Consultation
The Department for BEIS has published its response to the April 2018 Consultation on the reform of UKLP law.
Cross-Border Mergers: the Regulations and the impact of Brexit
Has the triggering of Article 50 impacted the number of cross-border mergers involving UK companies?
BEIS: Consultation on Reform of Limited Partnership Law