If you are looking for a legal expert to advise you and your business on partnerships and LLPs, the specialist corporate solicitors at Lupton Fawcett are on hand to give you the support you need.
Our up-to-date experience of the commercial practice, law and tax processes in this area enables us to make sure our clients have all the facts and can make fully informed choices.
With offices in Leeds, Sheffield and York, we can offer legal advice about partnerships and LLPs either on a face-to-face basis, by phone or email. To get in touch, simply call 0333 323 5292 or fill in our online contact form and we will be in touch.
We advise on all matters relating to partnerships and LLPs, including:
- Establishment or incorporation
- Partnership agreements and members' agreements
- Partnership disputes or disputes between LLP members
- Retirements and expulsions
- New partners/members joining
- Property joint venture LLPs
- Professional partnerships
- LLPs in corporate structures
In some situations, partnerships and LLPs are a potential alternative entity to limited liability companies. Our up to date experience of the commercial practice, law and tax in this area enables us to make sure our clients have all the facts and can make fully informed choices.
Our partnerships and LLP team, headed by renowned corporate solicitor Giles Clegg, has a wealth of experience in successfully creating LLPs. We pride ourselves on making the process simple and fuss-free so you and your partners can gain peace of mind.
Other key members of our team include:
Over our extensive 100-year history, we have worked with a wealth of businesses of all sizes and specialisms and have gained a reputation for exceeding the expectations of our clients.
Converting to a LLP
By converting your partnership into an LLP, you will be providing protection for any partners involved. An LLP will offer protection for partners’ personal assets by limiting their liability to the company only. A formal agreement must be drafted and agreed upon by all parties involved.
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 an LLP.
Whilst an LLP offers protection for personal assets, it does not offer any tax advantages for the business.
At Lupton Fawcett, we have provided legal advice and helped to draft LLP agreement for a wide range of organisations, including professional practices, hi-tech and software businesses and temp agencies.
Investment Strategy With a Number of LLPs
We acted for a family with various property and other business interests. Working with their accountants and tax advisers, we refined a group structure over a period of years to optimise their investment strategy.
The group included a number of LLPs and unlimited companies. Such arrangements can appear quite complex, but given our familiarity with our clients, their business interests and the relevant legal and tax issues, we were able to assist throughout to ensure their needs are met.
LLP for Pharmacy Group
We acted for a venture capital backed pharmacy group that was growing organically by setting up a number of joint ventures with GPs. The requirements of the venture capital funding required that each individual pharmacy operated through an LLP. The members of the pharmacy LLP were, in each case, a subsidiary company of the main group and another LLP formed by the doctors in each respective GP practice.
Talk To Us
For advice on all aspects of corporate law, talk to our Yorkshire-based solicitors today by calling 0333 323 5292 or using the contact details below.
Get in Touch
With Lupton Fawcett on your side, you're taking control. Contact us today.
Related Case Studies
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I have known Dan for a number of years and he has been a valuable source of commercial advice across a wide range of issues.
Dirk Mischendahl, Ross and Cashmore Limited; Leeds Ice Cream Company Limited
Having Giles Clegg acting for us at director level, with this wealth of experience, meant that we were constantly several steps ahead of the other advisers.Henry Robinson
Jonathan Oxley is an invaluable sounding board with a can-do attitude.Chambers and Partners
Andrew and his colleagues at Lupton Fawcett were accessible and they provided us with excellent advice throughout the cross-border transaction. We would recommend the services of Andrew and his team to others.
Andrea Pappagallo, Vice President, Federal-Mogul Inc
Andrew's involvement in the negotiations helped us secure a very beneficial outcome for both Empowering Wind MFC Limited and Middlesbrough FC.Paul Millinder, Managing Director, Empowering Wind MFC Limited
Max is an excellent lawyer who knows my businesses inside out and always deal with my requirements promptly, efficiently and I can always rely on him to just 'sort it out' for me.John Hill, Hill Care Group
Martin provided not only spot on and instant legal advice, but he also came with a masterful and passionate negotiation technique - I'm glad he was on our side!
Richard Hunt, CEO, Agility Multichannel Limited
Giles and his team were invaluable to us, showing outstanding attention to detail coupled with a commercial and pragmatic approach where necessary.Peter Watson, Managing Partner, Simpson Millar