Partnerships and LLPs

Partnerships offer advantages due to their legal flexibility and favourable tax treatment, making them a popular choice for both commercial enterprises and investment structures, such as funds or single-purpose vehicles.
We frequently structure and execute transactions involving various forms of partnerships, including trading partnerships, limited partnerships, and limited liability partnerships.
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Examples of our work include:
Harris Balcombe LLP – A merger of two leading loss assessor companies into an LLP to include advising on tax aspects, preparation of the partnership agreement and implementing the transaction.
Hobart Capital Markets LLP – Conversion of a stockbroking company into an LLP providing for detailed terms for founder members and advising on FCA regulatory compliance.
Waterman Income Fund – Forming an English limited partnership to be the fund vehicle operated by City & Merchant Limited to finance an Isle of Man and UK bridge lending business.
Firm of solicitors – Drafting and implementing the partnership agreement for an English firm of solicitors converting into an LLP.