Our commercial team has wide expertise in dealing with professional practices, both large and small, and complex structures that utilise advantages which limited liability companies may not offer, such as limited disclosure rules and tax transparency. In addition we have set up partnerships, drafted key documents for partners and members and have conducted mergers.
Traditional partnerships continue to be used as a simple and convenient business format. However, an increasing number of clients now structure their arrangements using LLP.
The LLP is a well established form for professionals of all kinds and we have advised a number of clients on conversion from traditional partnership to LLP. It is also an important structure for a variety of joint venture investment projects. Our commercial team has in-depth knowledge and expertise in advising clients on the use, formation and operation of LLPs, traditional partnerships, and the lesser known limited partnership.