Partnership Agreements

Partnership Agreements

Partnership Agreements that support your business goals

A partnership can be an effective way of running a small to medium sized business. A business partnership without a formal partnership agreement is governed by the Partnership Act 1890 which, due to its age, does not always cater well for modern business practices. Putting a partnership agreement in place allows the partners more control over ownership, liability and finances.

Partnership agreements help to protect the partners and to establish rules that govern the relationship between them. The corporate team at Fraser Dawbarns have extensive experience in drafting partnership agreements and can help you to put an arrangement in place that will protect your investment. Contact Fraser Dawbarns today to see how we can help you. 

Our commercial team are also rated as a ‘Leading Firm’ in the 2020 Legal 500 for our corporate and commercial work.

Our Specialists

Aashish Soni

Solicitor - Kings Lynn

Carla Goodyear

Solicitor, Senior Associate - Kings Lynn

Daniel Ball

Solicitor, Partner - Kings Lynn

Eileanora Ni-Charthaig

Consultant Solicitor - Ely

Emma Richmond

Paralegal - Wisbech

Jenny Rushmer

Solicitor, Partner - Wisbech

Laura Ball

Solicitor - Ely

Silke Trevor

Solicitor, Partner, Head of Commercial Department - Wisbech

Sophie King

Solicitor - Kings Lynn

Tony Cheetham

Solicitor, Partner - Kings Lynn

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Partnership Agreements

While everything is going well, you may not feel that a formal agreement is important, but when problems arise, it can potentially be problematic and costly. Having a formalised partnership agreement can protect the partners against litigation, bankruptcy and disagreements.

Contact the Corporate Law team at Fraser Dawbarns for help with creating a partnership agreement that will best serve the interests of the partners and the business. 

Limited Liability Partnership Agreements

A limited liability partnership (LLP), despite its name, has a lot in common with a limited company in that it has a legal existence that is separate from its members who are not financially liable for more than they have invested in the company. LLPs have a tax and ownership structure that is more like a partnership. The LLP model is well suited to professional businesses such as solicitors and accountants.

As with partnerships and limited companies, having a limited liability partnership agreement can help to outline how the LLP will work on a day-to-day basis, covering how profits will be shared, how the partnership will be managed and how members can be added and removed as well as many other aspects of running the business. An agreement will also help to prevent conflict if any problems arise.

Contact the Corporate Law team at Fraser Dawbarns who can advise you on all aspects of creating a limited liability partnership agreement that will best serve the interests of the partners and the business.

Testimonials

The service has been prompt, I cannot fault the quality and communications have been excellent. This is all during a very difficult period of the COVID outbreak.
Client - Wisbech Office
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Why Choose Fraser Dawbarns for your Business?

Direct Access to your Solicitor

Our corporate solicitors develop a good understanding of our client’s businesses and form close working relationships with our business clients, creating partnership agreements that are precisely tailored to your needs. Clients who wish to arrange an appointment with our corporate law solicitors can do so easily, visiting us at any of our offices across East Cambridgeshire and West Norfolk. We can also visit you at your business if you prefer.

Pricing Options

At Fraser Dawbarns we recognise that there is no ‘one size fits all’. With our flexible pricing options, we give our clients the choice of different pricing options. You can choose whether you would like us to undertake your work on a fixed fee basis or at an hourly rate, selecting the pricing option that best suits your needs.

No Hidden Charges

Clients opting for our fixed fee service, will know how much they will pay for the matter before we start work. Clients who prefer to be billed at an hourly rate will also be given a realistic range of costs before we begin. Transparency and trustworthiness are important to us and we will never surprise you with hidden charges that were not explained to you at the outset.

Contact Us Today

Our team will help you from the beginning of your case to the end, giving you total peace of mind. If you would like friendly, client focused advice on a wide range of legal issues, get in touch and see how we can help you.

Call or email us today and find out how we can make your life easier. 

Wisbech: 01945 461456
 
March: 01354 602880
King's Lynn: 01553 666600
 
Ely: 01353 383483
Downham Market: 01366 383171
 
Email: info@fraserdawbarns.com