Partnership Law Overview The Partnership Act 1890 is the principal legislation governing partnerships in the Republic of Ireland, Northern Ireland, and England and Wales. It codifies the existing statute, common law, and equitable partnership rules. Definition and Existence of Partnership A partnership is defined as a relationship between two or more persons carrying on a […]
Category: Partnerships
Business Name
Overview It is necessary to consider certain legal issues in connection with the company or business name, if a branch or company is set up in England and Wales. The name must end with the word “Limited” in the case of companies or “LLP” in the case of limited liability partnerships. Restrictions on Certain Names […]
LLP Administration and Agreements
Post-formation Administration The Registrar of LLP’s is based in Companies House. Notice must be given to the Registrar, equivalent to the Companies Office, of any change of name or registered office. All the requisite stationery and names outside the business must be changed. Notice of change of membership of an LLP must be given to […]
Limited Liability Partnerships
Nature of LLP A limited liability partnership (usually called an “LLP”) is formed under the Limited Liability Partnership Act in England and Wales. It has much in common with a company. It is deemed to be a separate legal entity from its members. This has the important consequence that the members are not liable for […]
Partnership Agreements
Overview A partnership is a contract between persons to carry on a business in common. The terms of the agreement decide the legal rights and obligations of the partners. The Partnership Act 1890 (which is the same Act in force in Ireland), determines what rules applies on particular matters, if nothing is stated to the […]
Partnerships
Types of partnership There are a number of types of partnerships under English law. Two types are identical to the types of partnerships found in Ireland. The third type, a limited liability partnership (known as an LLP), is unknown in Ireland and is a hybrid of the traditional type of partnership and a company. See […]
