Partnerships Lawyers East Lothian
We regularly advise professional firms on partnership law and related issues. We work with partnerships across many business sectors. If you are thinking about starting a partnership, we can help you decide if it is the right thing to do and talk you through the benefits and disadvantages. If you have already made up your mind to do so, we can explain the different provisions that can be included in a Partnership Agreement.
To discuss your partnership concerns with our team, get in touch today.
Partnership Lawyers, North Berwick and Dunbar
Our Partnership lawyers can offer you valuable advice on:
A Partnership Agreement governs the relationships between two or more partners. It outlines, among other aspects, the partners’ rights and responsibilities, profit share and the procedure to follow if one partner wishes to leave or the other parties want to remove a partner. It is not compulsory, but it can be very useful for solving disputes. Our lawyers have extensive experience in preparing clear, robust Agreements that balance each partner's interests.
Incorporating your partnership
Incorporating your partnership into a limited company offers significant legal protections. Most importantly, it reduces your financial risk by removing any personal responsibility for the company’s debts. Certain legal steps must be taken to incorporate your partnership. If you decide to make this change, our Partnership lawyers will guide and advise you throughout the process.
If you become involved in a partnership dispute, we can provide clear and pragmatic advice at what can be a very challenging time. Mediation is often a successful tool for resolving issues when partners cannot agree. We aim to safeguard your rights and work towards a speedy solution, so that the partnership can resume full functioning where possible.
Dissolution of partnerships
Our Partnership lawyers regularly help clients to dissolve their partnerships in both non-contentious and contentious circumstances. We will negotiate all matters on your behalf, aiming to reach an out-of-court agreement on the most orderly way to dissolve the partnership, saving you time and money.