Partnership Formation Experience
Partnership structures
Setting up a number of partnership structures for clients of Charterhouse (Accountants) LLP to enable tax-efficient profit-extraction. This has included setting up hybrid partnership between individuals and companies, advice on TUPE and restrictive undertakings, property and other transfer work.
Forming Albion Partnership
Establishing Albion as the bid vehicle for the mbo of Close Ventures Limited and advice on internal constitution. Albion is an LLP the members of which were the senior management of Close Ventures; Close Ventures is also a member of Albion. The transaction involved complex provisions reflecting classic private equity articles through a members' agreement, while not losing the partnership ethos.