Limited Liability Partnership Agreements Solicitors

Amy Austin

Solicitor (2007 Qualified) / Director
Isle of Man, 0161 274 9571
Get in Touch
Aaron Yeganeh
Aaron Yeganeh
1720798815
I have used the conveyancing services of Anna Beavers at Mounteney Solicitors for several properties, and as have my parents. Anna is super professional and overall a great firm with fantastic customer management skills, and a real sense that Anna and the whole team is working to your best interests as a client. As I say, I am a repeat customer and have recommended the firm to several friends too.
I’ve used this solicitors a few times now for both business and personal matters. The team are really approachable and Anna and Amy have been great! Can’t recommend enough and glad to have had the support through a house move and taking on a commercial lease.
Glenn Colville
Glenn Colville
1720638855
I had the delight of having Anna work for us and she did a great job. Highly recommended
Judith Clements
Judith Clements
1720102310
Amanda and Katie were friendly, professional and very thorough in their handling of my sale and purchase of property. Altogether as a team of solicitors I was pleasantly surprised at their patience and availablity.
Matt
Matt
1719996736
Having to sell a house after a bereavement is always going to be hard but Katie Reade at Mountney Solicitors made the whole thing effortless. She was always there if I needed anything and was just superb. I wouldn't hesitate in recommending her to anyone needing conveyancing services. Thanks Katie
Joanna Carey
Joanna Carey
1719569665
Katie recently completed the sale of my great Aunt's flat. Throughout the complicated and protracted sale, Katie kept us informed at every stage. She was considerate and supportive throughout, in fact Katie saved the day on many occasions. I would have not hesitation in recommending Kate and look forward to working with her again.
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Description

A Limited Liability Partnership (LLP) is a statutory body corporate enjoying the benefit that the personal liability of its participants (“Members”) are legally limited to their stake in the business – whilst retaining many of the features of traditional partnership (including the individual tax liability of the participants).

An LLP Agreement is a business management and ownership arrangement between the participants in an LLP (and, we recommend, the LLP itself) that will regulate the way that an LLP is controlled and trades. An LLP Agreement supplements the implied legal position (e.g. under the Limited Liability Partnerships Act 2000, and related regulations) and the engagement terms of its senior employees, and will have provisions dealing with:

  • Management, including rights and responsibilities of the members
  • Admittance and expulsion of members
  • Members’ involvement in other businesses
  • Business ownership, especially exit strategies
  • Investment terms, how profits are shared, how assets (including Intellectual Property like trade names) are divide and who would be liable for any business debts.
  • Our packaged internet-sold product assumes that our clients will have already understood the benefits and implications, will have decided to participate in an LLP Agreement prior to their decision to buy our internet LLP Agreement product. We can also advise on the matters mentioned in a bespoke retainer. Please Contact Us for more information.

How long will it take?

Our work from initial instruction to finalising the form of agreement generally takes about 7-10 working days. Special dispatch may be available where necessary at an extra charge.

Our work for you includes:

  • Taking your instructions
  • Drafting the LLP Agreement
  • A Guidance service.

Money Matters

Your supplier is unregulated Mounteney Legal Services Limited, that does not charge VAT

Our work will be charged at a fixed fee of £650

There is more about our fees on our website here

If you have any questions or require any further information, please don’t hesitate to Contact Us.