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 Partnership legal 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.