Limited liability partnerships and partnerships will generally be governed by a single partnership agreement. While companies will be governed by both a shareholders’ agreement and their articles of association.

In each case, these agreements will cover issues such as distribution of profits, investment of capital, management arrangements and exit (whether individually or on a sale). Dealing with these sometimes-sensitive issues “up-front” can head off the risk of disputes happening in the future.

As well as putting in place the initial agreement, we’ll be on hand to help you with any changes you need to make to it and to the governance of your business as it grows. For example, we can help you with partner exits, new investments or a change in your corporate structure.

We’ve put in place these agreements in many different industries and company structures, including:

• limited liability partnership agreements for professionals, such as financial advisers, solicitors and doctors;
• managing the exits of partners from a number of different partnerships and limited liability partnerships;
• limited liability partnership agreements to manage theatre productions;
• partnerships for family businesses; and
• joint venture arrangements in the healthcare sector to enable investment into the development of new, combined, products.