Limited Liability Partnerships (LLPs) are a hybrid, sitting somewhere between companies and partnerships.

The structure offers the flexible internal structures associated with a traditional partnership and is most commonly used by businesses that deliver a trade or profession.

Our solicitors are experienced in both the conversion of existing partnerships into LLPs and the creation of start-ups. We can draft your LLP agreement and liaise with other professional advisors.

What do I do now?

Our lawyers have won awards for their deal making abilities and are described as “helpful, courteous and efficient” by the Legal 500. Most importantly, they are focused on helping you achieve your objectives as quickly and painlessly as possible.

We understand that every transaction is of paramount importance to the strategic aims of our clients. The advice we give is tailored accordingly and the approach we adopt is pragmatic. Our aim is not to give you a lecture on the law, but to get your job done.

If we sound like the commercial lawyers for you, why not get in touch and let us know how we can help?

Even the strongest business relationships can be tested at times, which is why it is essential to agree on the terms of any successful partnership.

Our solicitors have advised a wide range of partners, from doctors’ practices to farming families. We will provide the information you need on various aspects of your working relationship and draft a formal agreement that will be a key part of setting up your new enterprise.

We can also help dissolve a partnership, facilitate one party’s retirement and draft other appropriate documents, if necessary.

What do I do now?

Our lawyers have won awards for their deal making abilities and are described as “helpful, courteous and efficient” by the Legal 500. Most importantly, they are focused on helping you achieve your objectives as quickly and painlessly as possible.

We understand that every transaction is of paramount importance to the strategic aims of our clients. The advice we give is tailored accordingly and the approach we adopt is pragmatic. Our aim is not to give you a lecture on the law, but to get your job done.

If we sound like the commercial lawyers for you, why not get in touch and let us know how we can help?

You might wish to offer employees shares in your company to incentivise them. It is a great way to add value by giving staff the possibility of receiving dividends when the business is performing well.

Our experienced team can advise on and draft the necessary documents to implement a share scheme and we will liaise with your accountants to ensure it is tax efficient.

What do I do now?

Our lawyers have won awards for their deal making abilities and are described as “helpful, courteous and efficient” by the Legal 500. Most importantly, they are focused on helping you achieve your objectives as quickly and painlessly as possible.

We understand that every transaction is of paramount importance to the strategic aims of our clients. The advice we give is tailored accordingly and the approach we adopt is pragmatic. Our aim is not to give you a lecture on the law, but to get your job done.

If we sound like the commercial lawyers for you, why not get in touch and let us know how we can help?

You are unlikely to be involved in a management buy-out or buy-in more than once in your lifetime, so it is essential to seek specialist advice from someone who applies their knowledge in this area of law on a daily basis.

Our team prides itself on being proactive in a buy-out or buy-in transaction, to complete the deal quickly and efficiently. This means you won’t miss out on the opportunity that has been presented to you.

Case Study

Sheffield hydraulic engineering company sold to longstanding employee

We acted for the purchaser of an established hydraulic company in Sheffield, after the owner manager made the decision to retire.

The company was established in 1960 and has been owned by the seller and his family for several generations, operating as a repairer of machinery and hydraulic engineers. The buyer worked for the company for 30 years, meaning he already had a good understanding of its operations.

Rob Moore and our corporate team advised the buyer on the incorporation of a new company, which purchased the entire issued share capital in the existing operation. The transaction included several stages, including establishing a new holding company for the buyer and the seller purchasing shares owned by his mother before they could be passed onto the newly formed business. He remained involved in day-to-day operations, after taking on the role of director and shareholder in the new company.

What do I do now?

Our lawyers have won awards for their deal making abilities and are described as “helpful, courteous and efficient” by the Legal 500. Most importantly, they are focused on helping you achieve your objectives as quickly and painlessly as possible.

We understand that every transaction is of paramount importance to the strategic aims of our clients. The advice we give is tailored accordingly and the approach we adopt is pragmatic. Our aim is not to give you a lecture on the law, but to get your job done.

If we sound like the commercial lawyers for you, why not get in touch and let us know how we can help?

Innovation and development are key to ensuring a business can thrive in the current climate.

A joint venture provides the opportunity for two parties to come together to develop a new and exciting product or service that enables you to diversify and grow. However, having a formal agreement in place is essential to ensure everyone’s obligations are clear from the outset.

Our solicitors will help you determine the best course of action to take in your particular joint venture. We can advise on and draft the contents of all documentation required, making sure your interests are sufficiently protected.

What do I do now?

Our lawyers have won awards for their deal making abilities and are described as “helpful, courteous and efficient” by the Legal 500. Most importantly, they are focused on helping you achieve your objectives as quickly and painlessly as possible.

We understand that every transaction is of paramount importance to the strategic aims of our clients. The advice we give is tailored accordingly and the approach we adopt is pragmatic. Our aim is not to give you a lecture on the law, but to get your job done.

If we sound like the commercial lawyers for you, why not get in touch and let us know how we can help?

 

 

We have legal experts near you

If you need legal advice, contact us and one of our experts will get in touch with you as soon as possible.

Complete the short enquiry form for a no obligation response.

0114 218 4000

info@tayloremmet.co.uk

We have branch offices in Sheffield City Center, Dronfield, Ecclesall, Bakewell and Rotherham.

 

Lexcel - Legal Practice Quality Mark