Joint Ventures Partnerships & LLPs
Structuring your venture in the form which suits you is important. Is a separate vehicle needed? Limited company or PLC? Is a limited liability partnership (LLP) more suitable?
Is it important that the terms of the venture are confidential? What exit provisions or tie break should there be in a shareholder or partnership agreement?
Is a pure & simple partnership suitable? A partnership arises if persons agree to engage in a business together with a view to profit. And each partner is legally liable for the debts and obligations of the partnership, including those which another partner has contracted. Does that make limited liability more important?
Or if yours is a not for profit venture, is a company limited by shares or guarantee or CIC or CIO preferable?