Legal Clarity Reports On The Importance of LLP Agreements
October 27, 2010 (PRLEAP.COM) Business NewsLegal Clarity, an innovative legal services company based in Birmingham, has today issued an article stressing the importance of an LLP Agreement for members of a limited liability partnership.
For more information, visit http://www.legalclarity.co.uk/llp-agreement.htm
Legal Clarity's LLP agreement drafting service combines web-based technology with its skilled draftsmen to provide bespoke LLP agreements tailored to the needs of accountants, entrepreneurs and solicitors.
The article states that members of an LLP should think carefully about entering into an LLP agreement. In particular, if there is no LLP Agreement then the law imposes its own provisions which may not be acceptable to the members or appropriate in the circumstances. All members of an LLP should consider how they wish to regulate both themselves and their long term plans and translate this into an agreement with the appropriate guidance.
James Quinn, Director says:
'A limited liability partnership offers many of the advantages of a standard partnership whilst also allowing its members the protection of limited liability.'
'Members of LLPs should not lose sight of the need to protect themselves with well drafted LLP agreements.'
'This new article highlights various common areas that LLP members should consider and the default position the law will impose on them if they don't agree otherwise.'
The provision of an expertly drafted LLP agreement gives all its members a degree of certainty in their business dealings and their commercial relationships with their fellow members which give a solid basis for trading in the future.
Legal Clarity`s wide range of legal drafting, company secretarial and company formation services are offered through its website. It prides itself on the provision of fixed cost legal services, tailored to the individual needs of its clients. It offers many Free Guides to various corporate and commercial agreements on its website in order to explain the wide range of services that are available and provides a friendly and helpful service for its users.