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Starting your own business is a very exciting time; bringing your business idea to market, making your own decisions, working with people you choose and creating strategies of how you will market your business idea.
With so much going on, it is understandable that cementing basic legal structures may not be high on your priority list. However, starting up any business comes with its own risk. So ensuring that you have some basic legal structures in place from day one is important.
Why choose to register your business as a Partnership? There are many advantages to this such as working in partnership with other people providing support for one another and pulling on different expertise, tax savings can be made when purchasing for the business and more Partners can mean more investment for the business. A Limited Liability Partnership (LLP) offers more protection to individual partners as it limits liability to what each partner has invested in the business.
Often Partnerships are started by people who know and trust each other so formal agreements are not always seen as a priority. Unfortunately, this leaves partners unprotected if things go wrong.
The Partnership package includes:
- Standard Partnership agreement
- Standard terms and conditions
- A basic employment contract
If you feel your needs are more complex than this standard package, we would be happy to provide you with a tailored package of documentation and advice, please get in touch to find out more.
To find out more about this Partnership package please get in contact.