joint ventures, alliances & partnerships

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  llp formations    

Joint ventures and other strategic alliances can offer a business the opportunity to expand its service proposition to clients and to link up with a trusted business partner in order to create something which is greater than the sum of its parts. At White & Black, we’re often involved right from the very start of the process, advising our clients on the most appropriate legal form for the alliance all the way through to signing the deal.

 

We will work with you to understand your goals in entering into an alliance:

  • are you looking to enter into new markets, develop new technologies, increase revenue or simply reduce costs?
  • should you be looking at a joint venture (possibly involving a new joint venture company which will be owned by the parties) or a less formal alliance arrangement?
  • who will contribute what to the venture?
  • how will profits be divided up?
  • what are the risks to you if the venture does not work?
  • have you considered the alternatives?

The lawyers at White & Black also have extensive experience of partnership law, be that the setting up a new partnership or LLP or the resolution of partnership disputes. We have acted for the full range of professional partnerships, including other solicitors, and believe that our experience counts when it comes to securing the right deal for you.

  partnership disputes   
  venture capital funds     
     
     
     
     
     
     
     
     
     
       

 

llp formations

Limited liability partnerships offer individuals running a business many of the benefits of operating as a partnership, with the added attraction of limited liability for the debts of the business.

White & Black has the experience and expertise to assist you, whether you’re forming a completely new limited liability partnership, “incorporating” your existing business into an LLP or documenting the arrangements for an existing LLP. It’s vital that you have a formal members’ agreement setting out the relationship between the individual members, their rights and how the business will be run; with our many years’ experience in advising LLPs, we are able to prepare these agreements with a minimum of fuss and cost.

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partnership disputes

Partnerships and LLPs are almost always tightly-knit businesses (emotionally as well as financially) and, if problems arise, they can be magnified by the very personal nature of the business relationship. If something goes wrong, it’s vital that it is resolved speedily and decisively if it’s not to become a drain on the business and its resources, but it’s rarely sensible for those involved in the dispute to try to sort out the problem themselves. In the context of a business founded on a strong personal relationship between the partners, it’s important to have a lawyer who not only understands the detailed mechanics of partnership law but who also can handle the negotiations delicately.

 

The lawyers at White & Black have advised across the full range of partnerships and LLPs, including architects, surveyors, medical practitioners, publishers and even other solicitors. We try to resolve disputes by negotiation and we have a reputation for finding practical solutions which, wherever possible, minimise the damage and disruption to the partnership’s business.

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VCT's
A Venture Capital Trust (VCT) is a tax efficient corporate vehicle; the first types of which were introduced by the UK government in the 1990’s to encourage investment in new businesses.

 

The tax breaks associated with investing in a VCT offer investors an incentive for investing in new companies which might otherwise have been perceived to be too risky.

 

The team at White & Black has specialist knowledge of the rules surrounding VCTs and can ensure that investee companies continue to satisfy the conditions for approval for a VCT (as failure to do so can retrospectively negate the tax breaks received by investor).  We can advise both VCTs and their investees on these rules and on the terms of any investment by a VCT.

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