Transactional/Advisory - converting to LLPs
We have acted for a number of legal practices and other traditional partnerships converting to LLPs. We have also advised numerous limited companies on transferring their businesses into LLPs.
These conversions work best where the nature of the business lends itself to being better run on a partnership footing – where there are a group of "owners" with real mutual interests. We have found such situations in a number of areas including professional practices, hi-tech and software businesses and temp agencies.
Please note this information is provided by way of example and may not be complete and is certainly not intended to constitute legal advice. You should take bespoke advice for your circumstances.