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The Law of Partnerships and LLPs: A Practical Guide

ISBN13: 9781846618710
To be Published: December 2022
Publisher: LexisNexis Butterworths
Country of Publication: UK
Format: Hardback
Price: £120.00

Publication date uncertain

The Law of Partnerships and LLPs: A Practical Guide is a user-friendly and practical guide for practitioners and those managing firms on the day-to-day legal issues that arise in the specialist field of partnerships and LLPs.

This book is written by three authors, a leading partnership and LLP barrister with many years of litigation experience, a solicitor with specialist expertise in partnership and LLP structures and agreements, and a respected academic in the field.

It provides clear and practical guidance on the main issues that arise time and again in the world of partnerships and LLPs. Whilst there are many important differences between traditional partnerships and LLPs, the practical issues that they face are often similar and the authors therefore tackle both areas in the one book.

The focus is mainly on those areas that regularly cause difficulty in firms (be they traditional partnership or LLP) and the book does not seek to set out the entirety of the law of either traditional partnerships or LLPs.

Subjects covered by the book include:

  • The legal nature and characteristics of partnerships and LLPs
  • Factors influencing choice of legal entity
  • The essential elements of partnership and members' agreements
  • Management structures including management boards and partnership councils
  • Conduct of meetings
  • Partnership/LLP property and profits and losses
  • Accounts, taxation and audit
  • Partner and member retirements and expulsions
  • Duties of partners and members
  • Equality Act implications
  • Suspension and garden leave
  • Personal liability issues
  • Dissolution and winding-up
  • Goodwill
  • Disputes – mediation, arbitration and court proceedings
  • Mergers, acquisitions and conversions

Partnership Law
Overview of professional practice structures
Establishing a general partnership
Establishing an LLP
Partnership and LLP agreements
Partners, members and other key personnel
Management and decision-making
Income and Assets
Changes in relationship among partners
Mergers, acquisitions and conversions
Dissolution and winding-up