A partnership or LLP members’ agreement is at the core of how partnerships and LLPs are run.
Our experienced team can offer insight into best and market practice and can quickly tailor an agreement to meet even the most complex arrangements. We work with our clients to develop an agreement that is specific to their requirements and which anticipates and is suitable for a developing business.
We are experienced in reviewing existing agreements to identify where changes should be made. Firms which have not updated their partnership or members’ agreement in several years typically find their current agreement does not address many of the workplace changes, such as allowing for flexible working or certain kinds of family leave.
Firms also need to be aware that developments in the law around decision-making may require management boards to adopt a different approach to taking decisions. A ‘health check’ to identify these issues can spot and fix potential problems before they arise.