Partnerships Contracts

Starting a business with another person can be a great thing. A correct partnership can give your business another member who is smart, dedicated, and able to contribute great ideas to help you grow your firm. One of the most important things to do in your business, though, especially when working with another person, is to make sure to register your enterprise correctly, to find what is most beneficial for you, your partner, and your firm. Sterling Law has years of experience in all forms of corporate law, and we can specifically help you with registering a partnership, and working out if a partnership is right for you.

Why a partnership?

  • Partnerships are great if 2 or more people are working closely together, and want to share responsibility for the business
  • A partnership is not its own legal identity – all legal aspects of the business go to you and your partner, simplifying administration
  • Collective work and effort is a large part of a partnership
  • You are all equally in charge

Downsides of a simple partnership

  • Because you all share responsibility, the mistakes of one person may affect the entire company, including you
  • You are all equal in the firm, meaning that your entitlement to profits does not necessarily reflect the amount of work you do
  • Disputes may arise with no simple way to resolve them

Sterling Law’s role

  • Sterling Law can help you avoid these downsides by writing a comprehensive and legally binding partnership agreement. These agreements set out the roles of each person in the partnership, what is expected of them and how much they are entitled to, and much more
  • We know that partnerships may not last forever. This is why, when writing a partnership agreement for you, we can include clauses that deal with events such as dissolution, or dispute resolution.
  • With our help, you can get all the advantages of a partnership and avoid some of the unfortunate problems that come with one

 

We can help with both reviewing and amending an existing agreement and drafting a new one. To get a quote, simply click here.

CONSULTATION
Why Sterling Law

We are a modern and innovative boutique law firm with a flexible «can-do» approach. Our cross-domain specialisation allows for seamless solutions whether you are a business or an individual, allowing us to solve most complex problems, where several areas of law are involved.

Services
Commercial Law Commercial Law

Sterling Law represent businesses and individuals in commercial matters including disputes and drafting agreements relating to:

  • Commercial Contracts
  • Incorporation of Businesses
  • Agency or Franchising
  • Directors’ Duties and Disqualification
More information
Company Law or Insolvency Company Law or Insolvency

What are the dangers of insolvency?

  • Your company may still owe money to creditors. You still have to pay this back, even if your company is insolvent
  • You, as a director, can be sued if you continued to trade after the company went insolvent, and lose your personal assets
More information
Commercial Contracts Commercial Contracts

Signing a contract with another firm is often a significant step in the growth of your company, especially if it is your first big contract. In the excitement, however, it’s possible to forget that an airtight, well-designed commercial contract is one of the most important things to do. Sterling Law has years of experience in commercial contract law, and we’re happy to help at every stage of your business’s development.

More information
Request consultation







    opening hours
    Mon-Fri:9am-6pm
    Our team
    Recent news
    BRP card expiry 20.05.2021
    If you have been granted indefinite leave to remain (ILR) in the past few years, you will probably have been issued with a Biometric Residence Permit (BRP) with an expiry date of 31 December 2024.
    PROCEDURAL UNFAIRNESS IN SKILLED WORKER (T2 GENERAL) APPLICATION? 02.12.2020
    It is paramount that any company planning to sponsor a migrant worker (which will include EEA nationals) should be aware of the need to respond to any request for further information from the Home ...
    UK police registration for visa holders 19.05.2021
    Conditions can be attached to a person’s permission to enter or stay, and this includes a condition requiring a person to register with the police when in the UK. In this post, we look at the polic...
    ASYLUM APPEAL OF A NEPALESE NATIONAL AND HER SPOUSE 01.07.2021
    Our immigration team has achieved a successful decision in the asylum appeal of a Nepalese national and her spouse. According to the Immigration & Asylum Upper Tribunal, they should both be all...
    LONG RESIDENCE APPLICATIONS: GAPS IN LAWFUL RESIDENCE 01.07.2021
    The Immigration Rules regarding long residence provide that Applicants who have resided in the UK continuously and lawfully for 10 years are entitled to apply for indefinite leave to remain. Thi...
    Successful cases
    Daughter-in-law of an EEA national can stay in the UK 12.05.2021

    Our immigration team achieved great success in representing a client in her appeal against the Home Office’s decision to refuse issuance of the Residence Card as an extended family member of an EEA national.
    Our client, a Ukrainian national entered the UK as a Family Permit holder and was residing in the UK as an extended family member of an EEA national (her father-in-law was Portuguese). Our client lived with her husband and son, whose residence in the UK was also dependent on the same EEA national.

    Elderly mother permitted to stay in the UK with her british adult son and her grandchildren 21.04.2021

    Excellent news; adult dependent relative appeal allowed by the First-tier Tribunal (Immigration and Asylum Chamber)!

    Our client, an Indian national, came to the UK with her husband lawfully to visit their son and grandchildren, who are British nationals. Sadly, her husband passed away suddenly while they were in the UK. Our client had a history of dementia with Parkinson’s disease along with anxiety and depression, which made her return to India unachievable.

    Refusal on suitability grounds 26.05.2021

    Sterling Law successfully appealed refusal on Suitability grounds.
    The client came to the UK on a visit visa, overstayed and became pregnant. The baby tragically died. She afterwards entered a relationship with a settled person and applied for leave on that basis. The application was refused and we successfully appealed to the First-Tier Tribunal.

    Student loan for a NON-EU national 14.04.2021

    Sterling Law has successfully challenged a decision by Student Finance England to refuse a student loan to a settled non-EU national because it was not believed that he met the lawful residence requirements.

    EEA family member: permanent residence application after refusal 23.03.2021

    Our client, a non-EEA national, initially obtained a residence card as the spouse of an EEA national. Our client subsequently divorced from his EEA national spouse and obtained a residence card under the Retained Rights route. The client then applied for permanent residence, which was refused and a subsequent appeal was dismissed by First-Tier Tribunal as the Judge wrongly thought the client needed to be a qualified person, not his EEA national spouse during the time their marriage lasted. Permission to appeal on this basis was granted. 

    Asylum appeal of a nepalese national and her spouse 22.06.2021

    Our immigration team has achieved a successful decision in the asylum appeal of a Nepalese national and her spouse. According to the Immigration & Asylum Upper Tribunal, they should both be allowed to remain in the UK under the protection of Refugee law.

    The appellant fell in love and married in the UK against the wishes of her family in Nepal, causing her to fear severe consequences upon return, including honour violence and persecution on the basis that she is a woman who married outside her caste and nationality.