Put your business partnership onto a secure footing with a limited liability partnership agreement (LLP) that limits your liability and sets clear rules for sharing power and profits. This straightforward limited liability partnership is ideal for businesses run by several owner-managers as it combines the flexibility of traditional partnership with the benefits of corporate limited liability. This document deals with the key issues to be agreed between LLP members such as incorporation, finances, ownership, contributions, profits and losses, decision-making, risk management and members leaving.
to clarify the partners’ contributions to and their capital shares in the LLP
to set out the partners’ profit shares
to set out how decisions are made
to define what is expected of the partners
only for LLPs registered in England and Wales
who the members are
initial set-up considerations and general administration matters
members’ capital interests and profit shares
members’ duties and entitlements
management and decision-making
risk management
members leaving
Prime Lawyer is a leading provider of legal document creation and Will writing services and in order to maintain our reputation all our staff are highly trained in legal document creation and Will writing services. We also have professional indemnity insurance in relation to our Will writing services so you can rest assured you are in safe hands with us.
