Wednesday, August 21, 2013

Documents regarding general partnership? -

Hello,I want to form a general partnership, but I cannot find online company offering this service. I don t want Limited Partnership (which all post box companies are offering) but I want general partnership. Can you tell me what kind of documents do I have to fill in and where I have to send them.Thanks in advance!

The advice about consulting a solicitor is sound. Partnerships are very tricky when there s a disagreement between the partners. It s usually about money and at that point it s too late to start trying to agree who was responsible for what.Start by contacting your local Business Link. They can give you some free advice on the things to put in your agreement so that you ve something to take to a solicitor rather than paying them to do the whole thing from scratch.Once you ve set up the agreement, each of the partners needs a copy and keep a copy lodged with your solicitor. Keep a copy spare so that you can copy it for sending to your business bank or VAT or anyone providing funding who may want to look at the agreement.Limited Liability Partnerships are worth considering because they do limit your liability if there are problems with the business. Again, Business Link can discuss the pros and cons with you.Good luck!

Get this done properly, see a solicitor

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