A new LLP agreement for a limited liability partnership of two to four members. Covers capital contributions, drawings, management, profit-sharing, retirement, and expulsion. Suitable for professional services LLPs and small business LLPs with a straightforward member structure.
What’s included:
• A consultation to understand the LLP structure, member roles, and commercial arrangements.
• Drafting of an LLP agreement for up to four members, covering capital contributions, profit and loss allocation, drawings, management and voting, non-compete provisions, retirement, expulsion, and winding up.
• One round of revisions based on your feedback.
• Final version ready for execution by all members.
What’s not included:
• LLPs with five or more members (I can quote separately).
• Multi-tier profit-sharing structures or salaried member arrangements requiring detailed tax structuring.
• Negotiation with the other party beyond the scope described above.
• Tax advice (including VAT, corporation tax, income tax, capital gains tax, and stamp duty). If specialist tax advice is needed, I can recommend a suitable accountant or tax adviser.
A new LLP agreement for a limited liability partnership of two to four members. Covers capital contributions, drawings, management, profit-sharing, retirement, and expulsion. Suitable for professional services LLPs and small business LLPs with a straightforward member structure.
What’s included:
• A consultation to understand the LLP structure, member roles, and commercial arrangements.
• Drafting of an LLP agreement for up to four members, covering capital contributions, profit and loss allocation, drawings, management and voting, non-compete provisions, retirement, expulsion, and winding up.
• One round of revisions based on your feedback.
• Final version ready for execution by all members.
What’s not included:
• LLPs with five or more members (I can quote separately).
• Multi-tier profit-sharing structures or salaried member arrangements requiring detailed tax structuring.
• Negotiation with the other party beyond the scope described above.
• Tax advice (including VAT, corporation tax, income tax, capital gains tax, and stamp duty). If specialist tax advice is needed, I can recommend a suitable accountant or tax adviser.