Partnership Law

Partnership Law Synopsis

The Law of Partnerships and LLPs: A Practical Guide provides commentary and insight for practitioners and those managing firms on the day-to-day legal issues that arise in the specialist field of partnerships and LLPs. Written by a team of experts, 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 leading 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 on those areas that regularly cause difficulty in firms (be they a traditional partnership or an LLP). Subjects covered by the book include: * The key 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 * Mergers, acquisitions and conversions * Partnership/LLP property and profits and losses Goodwill * Accounts, taxation and audit * Litigating partnership and LLP disputes (courts, arbitration and mediation) * Partner and member expulsions and compulsory retirements Suspension and garden leave * Duties of partners and members * Liability of partners * Repudiation of partnership and LLP agreements * Equality Act implications and issues * Personal liability issues * Dissolution and winding-up