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Partnership Formation

When it comes to running a business, partnerships can be an excellent way to share the responsibility and workload. As solicitors, we can provide valuable guidance on the different types of partnerships available, including general and limited liability partnerships. A general partnership involves a shared responsibility between two or more individuals, while an LLP offers limited liability protection for each partner. We understand the intricacies of these partnerships and can assist in setting them up legally and effectively to ensure a successful partnership for years to come. Trust us to provide professional advice and support for your business endeavors.

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What is partnership formation?

Where two or more people agree to share responsibility for a business, they may decide to form a partnership. The main types of partnership are general and limited liability partnership (LLP). Similarly to company formation, an LLP must be registered with Companies House.

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Our Service

Initially, our expert solicitors can meet with you, obtain full details about your business and advise you on the different partnership options available to you, including which may be best suited to your business needs.

In the event that you would like to form an LLP, we can draft the application form and submit the same with Companies House.

We can also help with preparing a partnership agreement, which outlines how the partnership will be conducted, as well as the rights and obligations of each partner, to prevent future disputes of misunderstandings.

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Frequently Asked Questions

Please find below some FAQs regarding Partnership Formations.

How long does it take to register an LLP?

Our solicitors can submit the application as soon as this is approved and signed off by the members. Companies House usually processes applications within 5 working days of receipt.

Do we need to have a specific number of members from the outset?

For an LLP, you must have at least two members and two designated members from registration.

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Arrange A Consultation

Please submit your information and a member of the Poole Alcock team will respond to you as soon as possible. If you have a quick question, please feel free to call 0800 470 0334.

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What people say about us

We were recommended to use Poole Alcock and in particular, Monisha by our neighbours, who found her to be very approachable.

Throughout our relationship, from the initial meeting through to completion, the communications were always first class and easily understood. Monisha was knowledgeable in the subject we approached her with and was quickly able to conclude the documentation and business we had.

I would not hesitate to recommend Poole Alcock, and Monisha herself, if asked.

Poole Alcock solicitors

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