The selection of the people who become your partners is crucial - you may see more of your business partner than your spouse.
Our experience is that a good partnership is a strong driver for a successful enterprise. Getting it wrong though can be disastrous.
If you wish to start up a partnership, or you are an existing partnership that is growing or evolving, we will listen to what you want to achieve and help you to identify and to address potential issues.
You can actually set up a partnership merely by you and another person announcing that from now on you are trading as partners. You can give that partnership a trading name, and you are off.
The problem is that if that was all you did, the law implies into that partnership factors that may have a terrible impact if they are not replaced with a thought-through and well-planned partnership agreement which reflects how you want to run your business.
When we listen to your plans, we can do that thinking and planning with you, and can produce for you a partnership agreement that covers all bases and which reflects the personality of your partnership.
Areas that we will look at with you include -
- How is the business to be capitalised?
- What will respective contributions of the partners be - financial and otherwise?
- What will the partners be paid and how will profits be split?
- What will be expected of the partners, and what if a partner falls short of those expectations?
- What happens on the death or retirement of a partner?
- What happens if you can not agree and get into "deadlock”?
- How do you motivate partners?
We can help you to think through what matters so that such issues will never interfere with the success of your business.
Whatever you are planning, let us listen to you. We can then agree what form of partnership is best for you.
If you have an existing partnership which is not working properly, again please let us listen to what is worrying you. We do not charge to listen to you - that will allow us to develop a road-map and associated costings for you to consider.
Our Corporate lawyers would be delighted to hear about your business, your plans, and your issues, and to give you our view as to how everything could be best dealt with. As we say, we are always there for businesses who are in our BLUE LAW scheme, so we invite you to join BLUE LAW now. Once you have joined, we try to answer any legal enquiries that you have, free of charge. If legal work is needed, we give you a price, and you are then free to "shop around". If you wish to speak to us now, please click on "Please Contact Me Now” or call us on 0800 084 3256. We look forward to always being there for you.
