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Setting up a business as a partnership?

If you’re going into business with one or more partners you’ll need to decide whether you’ll form a partnership or a limited liability partnership (LLP).

Partnership or Limited Liability Partnership?

The similarities of a partnership and a LLP are that each partner shares the responsibility of the business including risks, costs and profit. The difference however, is with a LLP the liability of the members of the business is limited, giving members some protection should the business fall into trouble. The LLP is a separate legal entity therefore the LLP itself is liable for the full extent of its assets.

We have partnership (also known as a deed of partnership) and LLP agreements available to download now!

Partnership Documents

Partnership Agreement
Limited Liability Partnership Agreement

Business set up is different for a partnership and LLP.

Partnership - With a partnership each member needs to register as self employed with HM Revenue & Customs (HMRC) which can be done online. You will also need to have a written partnership contract between the partners. Partnership agreement form.

Limited liability partnership - When setting up a LLP all members need to register as self employed with HM Revenue & Customs (HMRC) which can be done online. There needs to be at least 2 designated members and if at any time there are fewer than 2 designated members all members will be considered designated members (click for more information on designated members and their responsibilities). The LLP needs to be registered with Companies House. You will also need to have a written limited liability partnership contract between all members. Limited liability partnership agreement form.

All of our partnership agreements are available to to be downloaded instantly.

Partnership Agreement in word format and PDF format

The documents on partnership agreement are available for instant download in a Microsoft WordTM or Adobe Acrobat PDF formats.

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Partnership Contracts

Buy solicitor drawn partnership agreements, written in plain English with explanatory notes.

Partnership Agreement....£24.99
LLP Agreement...................£24.99

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Solicitor drafted
Written in plain English
Explanatory notes
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