Applying best legal practice to your business partnerships

If you are considering entering into a business partnership, Ormrods Solicitors & Advocates can guide you safely through the process and ensure that your interests are protected.

With business partnerships, you and your business partner or partners typically share responsibility for your business, as well as benefiting from shared profits and associated tax liabilities and implications. 

In practice, that means you are responsible for your share in that partnership arrangement and therefore any losses your business makes, as well as settling bills for stock, support services or equipment.

Sound business relationships are built upon clarity and commitment.  Ormrods Solicitors & Advocates can help ensure that you clearly define the terms of your partnership agreement and commit all parties to it in writing so there is no room for uncertainty if cases of dispute arise in future.

There are many different legal options available to you.  For example, you may wish to set up a limited partnership or limited liability partnership if you do not wish to be personally responsible for business losses.

We will help you to devise a business partnership and working relationships that will work, including:

  • Partnership agreements
  • Shareholders’ agreements
  • Terms and conditions of business
  • Joint ventures
  • Development agreements
  • Limited Liability Partnerships.

To discuss the legalities of partnership arrangements and related matters, call Geoff Ormrod on 01253 861032.