July 21, 2012

Partnerships with no Partnership Agreements

Written by Peter Lynn

We are finding that there are still many partnerships operating informally without formal written agreements and are trusting to luck of the historic Partnership Act. The lack of provision for exiting partner or covering such issues as ill health, lack of performance, bankruptcy and related matters, are exposing firms and partners to extreme risk.
For full partnership advice, please contact Peter Lynn on 01792 450010.