Index
| Author | Elspeth Berry |
| Pages | 235-248 |
Index
References are to page numbers.
Accounts
actions for accounts 136–7, 151–3 companies 107
general partnerships
agreements 26, 232–3
benefits from use of firm connection 64–5
disclosure 107–8, 134 inspection of partnership books
106–7, 134
partners’ duties 62–6
profits of competing businesses
65–6
property identification and 50 remedies 66
international standards 195
limited partnerships
model agreement 232–3
mutual duties 68–9
LLPs
auditors 223
audits 215
disclosure 111
duties 70–1, 72
inspection 110
model agreement 232–3 reference dates 42
winding up 182–3
model agreement 232–3
Standard Accounts Information 193 Actions for accounts
defences 137
general partnerships
dissolution 136–7, 151–3
ranking of debts 152–3 limitation periods 137
payments into court 136–7 Addresses, disclosure
general partnerships 22–3, 68, 107,
128, 128–30
limited partnerships 29
LLPs 34, 35, 39–40, 41, 233 Administration
administrators’ petitions for winding up 176, 177 advantages/disadvantages 174 general/limited partnerships agricultural floating charges 167–
8
applications to court 169–70 appointment by partners 168 challenges 173
creditors’ meetings 172 disclosures 171
effects 171–3 moratoriums 170–1 overview 165–73 statements of affairs 171–2 termination 173
LLPs 155, 173–4
objectives 167
ADR Group 114
Age discrimination 118–19, 125 Agency
comparisons 5
duty of care 60
general partners
duration of authority 85–6
236 Partnership and LLP Law Agency (continued)
general partners (continued)
extent of authority 81–5
liabilities. See Third party liabilities
limited partnerships 97
LLP members 70, 98–100
duration of authority 99–100
extent of authority 99
post-incorporation 99–100 pre-incorporation 98–9
Agreements. See General partnership
agreements; Limited partnerships
agreements; LLP agreements
Agricultural floating charges 167–8
Agricultural receiverships 167
Agricultural relief 206–7
Alternative dispute resolution (ADR)
113–14
Annuities 16, 204
Arbitration 26, 84, 114, 130, 137, 230 Assets. See Property
Assignment
general partnerships
agreements 26
dissolution 153
leases 52
new partners 27, 120
limited partners 122
advertising 32
consent 33, 121–2
liabilities 97
LLPs 94–5
consent 42
model agreement 230
Audits
auditors’ liabilities 96
general partnerships 68, 107
LLP accounts 111, 215, 233
LLP auditors 38, 71, 72, 73, 223,
228
model agreement 223
Banking
See also Finance
agricultural floating charges 167–8
guarantees 94, 95
limited partnerships 94, 95 partnership agreements 26, 223,
232
Bankruptcy. See Joint bankruptcy petitions
Bonus schemes 16
Bribery 87
Business
agreements 224
carrying on 12–13
in common 13–14
definition 12
general partnerships 12–18 goodwill 16
names 21–3, 31, 38–40, 121, 129 nature of business 25
place of business 23, 25, 29, 128–9,
175, 184, 224 presumptions 12–18 twilight period 13
with a view of profit 14–15 Business assets relief 205–6 Business property relief 206–7
Capital
general partnerships 50, 105 agreements 25, 224–5 capital profits 103–5 interest 105
ranking of debts on dissolution
153
limited partnerships 30, 108 agreements 32, 225
LLPs 109, 225
model agreement 224–5
Capital gains tax
changes of partners/members 204–5 entrepreneurs’ relief 206
holdover relief 206
overview 203–6
reliefs 205–6
rollover relief 205–6
Statement of Practice 203, 205 valuation 204–5
Index 237 Centre for Dispute Resolution (CEDR)
114, 229–30
Chartered Institute of Arbitrators 114 Choice of law 27, 234
Clawbacks 190
Clubs 9
Commencement date
general partnerships 21, 25 limited partnerships 31
LLPs 38
Companies
accounts 107
derivative claims 74, 139–40 directors. See Directors
liabilities 95
LLPs. See LLPs
partnerships compared 8 quasi-partnership companies 123 unfair prejudice 122–3 Confirmation statements, LLPs 72 Consumer rights 96
Contingency funds 96
Contracts
disclaimers 95–6
general partnerships
damages 138
liabilities 86
specific performance 138
LLPs 45
liabilities 100 post-incorporation contracts 99–
100
pre-incorporation contracts 98–9 specific performance 47 novation 90, 94
partnership agreements as 115 specific performance 47, 138 unfair contract terms 96 Contributory negligence 97 Corporate veil 46, 48
Corporation tax 7, 194, 214, 216 County courts, jurisdiction 127, 133–
4, 165, 175, 183, 184
Court of Protection 134, 148
Covenants, post-termination covenants
66–8, 75
Creditors
creditors’ committees 180 enforcement of judgments against general partnerships 132–3 general partnership property and
55–6
LLPs
liabilities 58
MVL appointment of liquidator
182
voluntary arrangements 164 meetings
administration 172
schemes of arrangement 165 voluntary arrangements 164, 165 winding up 180
novation 90
ranking of debts 106, 110, 152–3,
180–1, 184, 186–7 winding up petitions 176–8 Criminal liability 23, 44, 87–8
Damages 138
Death of partners
annuities to widows/civil partners
16
dissolution of partnerships 146 limited partnerships 153
LLP structure and 46
model agreements 224 partnership name and 93 partnership structure and 9 valuation of shares 120 Debentures 72, 111, 166 Declarations of solvency 73, 182 Delegation 77
Demergers 220
Departing partners
See also Death of partners;
Retirement
general partnerships 115–16 agreements 119, 229, 230–2
238 Partnership and LLP Law Departing partners (continued)
general partnerships (continued)
dissolution 119
expulsion 26, 77, 116–18, 231–2
garden leave 121
issues 120–1
notice 230
post-termination covenants 66–8
publicity 121
purchase of share 120, 230
valuation of share 120–1, 230–1
voluntary departure 26, 230–1
limited partnerships 229, 230–2
LLPs 125–6
dissolution 126
expulsion 80, 125–6, 231–2
issues 126
model agreement 229, 230–2
model agreement 229, 230–2
voluntary departure 26, 230–1
Deregistration 154
Derivative claims 74, 139–40
Directors
disqualification
administration and 174
effect 188–9
legislation 187
limited partners 189
orders 187–9
procedure 188
shadow directors 38
undertakings 188
unfitness 188
negligence 100
Disclaimers 95–6
Disclosure comparisons 6
Dishonest assistance 86
Dispute resolution. See Internal
disputes; Litigation
Disqualification of directors 38, 174,
187–9
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