Partnership and Limited Liability Partnership
Formation and Agreements

The business and regulatory environment in which professional practices now have to operate requires particular skills and advice. We regularly advise a range of professional firms such as architects, veterinary, medical and dental practices, accountants, estate agents and surveyors. We can offer a range of business-led solutions, tailor-made for the unique business structures of professional practices.

Whether you are setting up a new partnership, admitting a new partner or negotiating the removal or retirement of a partner, resolving a partnership dispute, or seeking advice on property held by partners and linked finance arrangements, we can assist. We also advise on the legal implications and steps necessary to convert professional partnerships to LLP (Limited Liability Partnership) status and on the establishment of LLPs generally.

Work regularly handled by our team includes:

  • Establishment of partnerships
  • Conversion from a partnership to limited company
  • Establishment of LLPs
  • General partnership property advice
  • Advice on employment issues
  • Dispute Resolution


Recent work undertaken includes:

  • Drafting deeds of retirement or supplemental deeds to reflect the changes as a result of partners leaving and joining practices
  • Transferring freehold and leasehold interests as a result of partners leaving or joining a practice
  • Advising on the re-financing of partnership loans as a result of a new partner joining the practice or as a result of a partner leaving the practice
  • Advising on the implications of the changes affecting GPs, PMS or GMS practices as a result of the new GP contract coming into force
  • Advising on the employment contracts and policy documents for practice nurses, receptionists and other support staff in veterinary, medical and dental practices
  • Using a limited company to acquire property
  • Using dispute resolution including mediation and arbitration to resolve disputes
  • Advising on de-mergers
  • Advising on the terms of restrictive covenants and their enforceability


For more information please contact Charles Cook or Owen James