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Partnership Advice & Issues

GPC Advice

Taking on New Partners:
This guidance looks at the cost of employing a salaried GP, including National Insurance contributions and employer’s superannuation, the impact of the tax burden for existing partners earning over £100,000 and the benefits of taking on a new partner.

 

Partnership Agreements:
A partnership without a written agreement is a partnership at will, ie one which subsists at the will of the partners from day to day. This means that relations between partners are governed by the Partnership Act 1890. A partnership at will is an unstable business relationship as it can be dissolved on notice by any partner. For advice on partnership agreements please see the attached document.

 

 

Updated on Monday, 11 January 2016, 948 views

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