If you have an existing partnership agreement and want to check it is still working for you, this service provides a clear review identifying risks and areas that need updating. It is particularly useful if the partnership has changed since the agreement was originally put in place.
What’s included:
• Review of your existing partnership agreement.
• Identification of risks, gaps, and provisions that may need updating.
• A clear written summary with practical recommendations.
• A follow-up call or email exchange to discuss the findings.
What’s not included:
• Drafting a new or amended partnership agreement (see separate service or request a quote).
• 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.
FAQ
Q: What happens if we don’t have a written partnership agreement?
A: Without a written agreement, the Partnership Act 1890 applies by default. Among other things, this means all partners share profits equally regardless of their contributions, and any partner can dissolve the partnership at any time. A written agreement lets you set your own rules.
If you have an existing partnership agreement and want to check it is still working for you, this service provides a clear review identifying risks and areas that need updating. It is particularly useful if the partnership has changed since the agreement was originally put in place.
What’s included:
• Review of your existing partnership agreement.
• Identification of risks, gaps, and provisions that may need updating.
• A clear written summary with practical recommendations.
• A follow-up call or email exchange to discuss the findings.
What’s not included:
• Drafting a new or amended partnership agreement (see separate service or request a quote).
• 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.
FAQ
Q: What happens if we don’t have a written partnership agreement?
A: Without a written agreement, the Partnership Act 1890 applies by default. Among other things, this means all partners share profits equally regardless of their contributions, and any partner can dissolve the partnership at any time. A written agreement lets you set your own rules.