This practice is qualified to assist in these circumstances. We are experienced in the formation and registration of companies and Limited Liability Partnerships (LLP) with the statutory bodies, Companies House and HMRC. We are also qualified to tailor the Memorandum and Articles of Association (for a company) and the Partnership Agreement (for an LLP).
For an unincorporated partnership we can also form the partnership and register it with HMRC; and draft the Partnership Agreement.
The practice prefers to use the accredited resource of London Law since they provide all that is needed rather than a less costly source leaving the client to pay for additional requirements.
We also offer Company Secretarial services and the registered office service.
Formation of Partnerships and Limited Liability Partnerships (LLPs)
This process is straight-forward and is covered in Section 5.
Formation of Limited Liability Partnerships (LLPs)
This process includes registration at Companies House and with HMRC. More information may be found in Section 5
Preparation of Shareholders Agreements
These can be provided as an effective extension and addition to the Memorandum & Articles of Association.
It may combine in the typical SME with the acquisition and disposal rights of the shares by shareholder directors where there is more than one class of share, why they are needed or justified and for whom or what they are intended and the capacity to move from one class of share to another.
Preparation of Unincorporated Partnership Agreements
This document sets out and tailors the relationship between the partners. The manner in which a new partner may buy in and an existing partner dispose of their interest (stake).
In addition, the document sets out to show how profit shares are determined and paid; also the manner by which partners are ranked and the distinction between a full partner and an associate partner; and the process by which the managing partner is elected and replaced or removed.
Preparation of Incorporated Partnership Agreements (LLPs)
This document sets out and tailors the relationship of the members with each other, distinguishing between the key or designated members and department members; usually the latter do not participate in surplus profits, only to the extent of fees earned.