{"id":56129,"date":"2026-09-04T17:04:15","date_gmt":"2026-09-04T15:04:15","guid":{"rendered":"https:\/\/www.nzp.de\/?post_type=service&p=56129"},"modified":"2026-09-04T17:04:41","modified_gmt":"2026-09-04T15:04:41","slug":"establishing-a-partnership-in-england-and-wales","status":"publish","type":"service","link":"https:\/\/www.nzp.de\/cat\/service\/establishing-a-partnership-in-england-and-wales\/","title":{"rendered":"Establir una societat de responsabilitat limitada a Anglaterra i Gal\u00b7les"},"content":{"rendered":"

A general partnership is a business arrangement in which two or more persons carry on a business together with a view to profit. Partners may be individuals or legal persons, including companies, making partnerships suitable for domestic businesses, professional practices, joint ventures and certain cross-border commercial arrangements.<\/span>\u00a0<\/span><\/p>\n

A general partnership is relatively flexible and can generally be established without incorporation at Companies House. However, its flexibility is accompanied by significant personal responsibility. The partners ordinarily share responsibility for the partnership\u2019s obligations and may be personally liable for its debts and losses. Each partner may also have authority to bind the partnership through acts undertaken in the ordinary course of its business.<\/span>\u00a0<\/span><\/p>\n

Our London office assists individuals, companies, investors and other commercial participants with establishing and operating partnerships in England and Wales.<\/span>\u00a0<\/span><\/p>\n

The legal framework<\/span>\u00a0<\/span><\/p>\n

General partnerships in England and Wales are principally governed by the Partnership Act 1890, together with the terms agreed between the partners and applicable principles of contract, agency and common law.<\/span>\u00a0<\/span><\/p>\n

Unlike a limited company or limited liability partnership, a general partnership in England and Wales does not ordinarily have separate legal personality from its partners. The business is therefore carried on collectively by the partners, who own the partnership property and assume responsibility for its obligations.<\/span>\u00a0<\/span><\/p>\n

No written agreement is strictly required to create a partnership. A partnership may arise from how the parties conduct their business, potentially even where they did not expressly intend to establish one. In the absence of a tailored partnership agreement, statutory default rules may govern matters such as profit sharing, management, decision-making and dissolution. These rules may not reflect the parties\u2019 commercial intentions.<\/span>\u00a0<\/span><\/p>\n

A general partnership should be distinguished from a limited partnership, in which certain partners may have limited liability, and an LLP, which is an incorporated body with separate legal personality. Different registration, governance and liability rules apply to each structure.<\/span>\u00a0<\/span><\/p>\n

The establishment process<\/span>\u00a0<\/span><\/p>\n

Establishing a partnership will generally involve:<\/span>\u00a0<\/span><\/p>\n