This is a user-friendly and practical guide for UK practitioners and
those managing UK firms on the day-to-day legal issues that arise in the
specialist field of partnerships and LLPs. The book is written by three
authors: a leading partnership and LLP barrister with many years of
litigation experience, a solicitor with specialist expertise in
partnership and LLP structures and agreements, and a respected academic
in the field. It provides clear and practical guidance on the main
issues that arise time and again in UK partnerships and LLPs. While
there are many important differences between traditional partnerships
and LLPs, the practical issues that they face are often similar, and the
book therefore tackle both areas. The focus is mainly on those areas
that regularly cause difficulty in firms (be they traditional
partnership or LLP). Subjects covered include: the legal nature and
characteristics of partnerships and LLPs * factors influencing choice
of legal entity * the essential elements of partnership and members'
agreements * management structures including management boards and
partnership councils * conduct of meetings * partnership/LLP property
and profits and losses * accounts, taxation, and audit * partner and
member retirements and expulsions * duties of partners and members *
Equality Act implications * suspension and garden leave * personal
liability issues * dissolution and winding-up * goodwill * disputes:
mediation, arbitration, and court proceedings * mergers, acquisitions,
and conversions.
