Partnership Agreements
Taking the danger out of new business ventures
(Or ‘Helping you deal with problems if you cannot agree between yourselves’)
Planning and trust; when new business partners get involved in a new business venture, planning and trust are often the glue that holds them together. The critical time during the early years, involves a multitude of business issues; finances, products and services, prospecting clients, selling and service levels. 
Unfortunately, sometimes things just don’t work out as planned and, more often than not, new business ventures will have to rely on what was ‘said’ when the business was set-up.
This can be easier said than done, especially when someone wants to move on and sell their share of the business, or one partner loses mental capacity, or dies. Imagine just how difficult and costly it could be to deal with if things go wrong. Enter the Partnership Agreement.
A Partnership Agreement is now seen as a vital and practical device to ensure the business has proper foundations to deal with a range of fundamental issues that will come up at some time or other.
Thankfully, we can help you do just that – with prices starting from just £600 + VAT
Having a Partnership Agreement in place provides:
An agreed written structure to your business – spelling out each partner’s rights and responsibilities and much more
It should include clauses that cover the effective day to day running of the business e.g. duties of each partner, management responsibilities, salaries, allocation of profits, borrowing money & reimbursement, non-competition, powers of attorney, frequency of meetings and dispute resolution
And should also deal with ‘structural’ matters such as admission of new partners, partners leaving or retiring and termination.
WANT TO KNOW MORE?
CALL BILL RYAN FOR AN INFORMAL CHAT WITH NO OBLIGATION ON 01225 582582 or 07942 959599.
OR YOU CAN EMAIL US enquiries @corshamlaw.co.uk USE THE CONTACT FORM or Skype: LawscapeUK
