Chartered Certified Accountants · ACCA regulated · Est. 2002

Sterling Finance(UK) Limited · Chartered Certified Accountants Book a consultation

III.04 · Company & Legal

Partnership Agreement

A 50% partner can still be liable for 100% of the debts. A tailored agreement sets out the terms before you need them.

Overview

Many partnerships start on trust and friendship, which is exactly why the terms should be written down. Without an agreement, the Partnership Act 1890 applies, and it was not written with modern trading in mind.

What’s included

  • Tailored to your partnership and structure
  • Profit shares, capital and drawings
  • Retirement, death and exit terms
  • Avoids default reliance on the 1890 Act
Who it’s for

Founders, shareholders, partners, landlords and overseas companies establishing a UK presence.

How we begin

  1. 01

    A no-obligation meeting

    At our office, at your premises or by phone, whichever suits you. Take our advice whether or not you appoint us. There is no hard sell and no chasing.

  2. 02

    Written recommendations and a fixed fee

    We put in writing the services we recommend and the maximum fee you will pay. Pay monthly, in instalments or in full, by card if you prefer.

  3. 03

    We handle the switch

    Sign the authority forms. We deal with your previous accountant and HMRC to make the handover seamless.

Common questions

How quickly can a company be formed?

Usually within 48 hours of the signed forms being submitted.

Do I really need a written agreement?

It isn’t a legal requirement, but without one the Partnership Act 1890 applies by default. A written agreement protects every party.

Can an overseas company use your registered office?

Yes. It is one of the most common reasons clients use our registered office service.

We came to Sterling Finance in 2015 to take over our accounts, bookkeeping and VAT returns so we could concentrate on growth. We had been spending so much time preparing monthly accounts and VAT returns. Moving everything across was a great relief. Kamlesh Rajput and his staff are always there to help and advise, and they have become an integral part of our business.

Gordan BosnjakManaging Director, Pronto Media LimitedClient since 2015

No pressure. No hard sell. No chasing.

Let’s talk about your business.

Book a free, no-obligation consultation, at our office, at your premises or by phone. You’ll leave with written recommendations and a fixed fee, whatever you decide.

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