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I made a verbal agreement to be a partner in a business
Hi I made a verbal agreement to be a partner in a business I put half the monies into setting up the business. I have worked for 12 months along side my partner but now she no longer wants to continue… read more
JGM
JGM
Solicitor
Bachelor's Degree
6,463 satisfied customers
Under UK partnership law: a partner is due to retire in the
Under UK partnership law: a partner is due to retire in the future say 30 September 2014. He has been working extensively on a transaction on behalf of the remaining partners whereby the Firm will be … read more
JGM
JGM
Solicitor
Bachelor's Degree
6,463 satisfied customers
my husband is in a partnership but does 80% of the work as
my husband is in a partnership but does 80% of the work as his partner is a full time police officer. They had agreed that they would get 50/50% of profit but have never worked out a fair wage each. M… read more
James Mather
James Mather
7,349 satisfied customers
Im looking to leave a LLP, Im one 2 partners. There are a
I'm looking to leave a LLP, I'm one 2 partners. There are a few issues over the direction of the company and difference in a approach to settling disputes with other parties we are working with. I'm h… read more
Senior Partner
Senior Partner
Solicitor
Bachelor's Degree
13,330 satisfied customers
In 2003 my partner and I renovated a bungalow for profit. He
In 2003 my partner and I renovated a bungalow for profit. He suggested to do this in order to 'help me out' financially (i was a single mum of 3 children and money was always tight). It was agreed we … read more
James Mather
James Mather
7,349 satisfied customers
I am setting up a limited liability partnership in the UK.
I am setting up a limited liability partnership in the UK. My accountant is taking care of the registration. Do I also need to engage a solicitor to draft a partnership agreement, including the profit… read more
James Mather
James Mather
7,349 satisfied customers
What can I do if a business partner is trying to force me leave
What can I do if a business partner is trying to force me leave my business, ie, he is unwilling to continue working with me?… read more
James Mather
James Mather
7,349 satisfied customers
Hello. I am in a partnership with three others. The firm
Hello. I am in a partnership with three others. The firm sells a low cost widget that we have had built to our specifications (not patentable) and sell under a brand we have put some effort into devel… read more
Buachaill
Buachaill
Barrister
Master's Degree
5,628 satisfied customers
In January 2012 a friend of mine mutually agreed to set up
In January 2012 a friend of mine mutually agreed to set up a business; they would put money in and I would work, use my contacts and produce the products. The business was put in my name as a trading … read more
James Mather
James Mather
7,349 satisfied customers
Hi, I am currently a 20% shareholder in a Limited Liability
Hi, I am currently a 20% shareholder in a Limited Liability Partnership. The other 80% is held by one person. Are there any legal implications if I resign from the partnership. Is this allowed in the … read more
Senior Partner
Senior Partner
Solicitor
Bachelor's Degree
13,330 satisfied customers
Question on Partnerships - claiming payment for time
Hi. I have a question regarding a partnership I entered into, but which, as often happens, went sour and I therefore gave formal notice to dissolve. The partnership agreement was very weak, and it def… read more
UK-Justice
UK-Justice
Master's Degree
11,008 satisfied customers
Hi. I have a question on what constitutes partnership property
Hi. I have a question on what constitutes partnership property from a tax perspective. If a property is contributed to a partnership, but the legal title ownership is still with one of the partners, i… read more
Senior Partner
Senior Partner
Solicitor
Bachelor's Degree
13,330 satisfied customers
Hi. I have two specific questions on Partnership Law and disputes...needs
Hi. I have two specific questions on Partnership Law and disputes...needs understanding of the Partnership Act and Partnership Disputes. Can someone help? Hi - Further to the above, my questions are a… read more
Senior Partner
Senior Partner
Solicitor
Bachelor's Degree
13,330 satisfied customers
my husband feels he can no longer carry on working with his
my husband feels he can no longer carry on working with his two brothers who are his buiness partners.Unfortunetly for him they have a partnership agreement in place.he wants to leave with a third of … read more
Senior Partner
Senior Partner
Solicitor
Bachelor's Degree
13,330 satisfied customers
I am a 51% partner in my Company. Does this actually give
I am a 51% partner in my Company. Does this actually give me any leverage? My 49% partner left the Company in January to work somewhere else and stopped any involvement in the Company and took no draw… read more
Senior Partner
Senior Partner
Solicitor
Bachelor's Degree
13,330 satisfied customers
A partnership was set up in January of this year. A new bank
A partnership was set up in January of this year. A new bank account was opened and trading has been taking place under this partnership for the last 3 months. A partnership document was obtained by p… read more
DR Lawyer
DR Lawyer
BA (HONS) Pgdl Pgdlp
2,318 satisfied customers
We set up a Partnership with another couple in August 2006.
We set up a Partnership with another couple in August 2006. My wife and I provided the funds for the deal including buying a house to get access to some land which was critical to a proposed property … read more
DR Lawyer
DR Lawyer
BA (HONS) Pgdl Pgdlp
2,318 satisfied customers
My father and grandfather are in a farming partnership (equal).
My father and grandfather are in a farming partnership (equal). My grandfather recently died, there are two properties and 10 acres of land on the balance sheet of the business. What is my father enti… read more
A. Stewart
A. Stewart
Master's Degree
2,140 satisfied customers

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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