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Our specialist team advises on the legal issues affecting partnerships, limited liability partnerships (LLPs) and the individuals and teams within them.
We advise partnerships and LLPs in traditional professional services, such as law firms, accountants, surveyors and architects. With the growing use of LLPs as a mainstream business vehicle, we also advise businesses in sectors as diverse as healthcare, marketing and communications and financial services. Drawing together individuals with backgrounds in corporate, dispute resolution, discrimination and employment law and specialist knowledge of specific business sectors we have created a team with the genuine ability to advise on all the issues that arise for businesses and individuals trading as partnerships or LLPs.
We advise on LLP and partnership agreements, formations, conversions of companies and partnerships to LLPs, joint ventures, mergers and sales, expulsions, the duty of good faith, discrimination issues, remuneration structures, dissolutions and insolvency.
Partnership & LLP
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the Partnership & LLPs team
LLP Changes: New Guidance ReleasedBy Matthew Rowbotham
HMRC has, as promised, released a revised technical note and additional guidance in respect of the salaried partner rules which are due to come in from 6 April 2014.
Multiple derivative actions survive enactment of the Companies Act 2006By Fraser McKeating
In a recent decision the High Court has held that the old common law still permits a member of a parent entity of a wronged subsidiary company to bring a derivative action on the subsidiary company’s behalf – a so-called “multiple derivative action” – where the wrongdoer is also in control of the parent entity.
LLP legislation will affect succession planning, warn firmsBy Fergus Payne
With the incoming Finance Bill legislation likely to adversely affect LLP firms' ability to thoroughly screen talent for partner roles, Fergus Payne discusses the possibility of salaried partners being asked to place more capital in the business in an article for Accountancy Age.