Recently, a husband and wife came to me explaining they wish to go into business partnership together.
The first question I asked them: Did they have a partnership agreement? To which they said: No.
I pointed out the three main reasons why they must have a partnership agreement.
One, the partnership agreement explains what happens if they wish to dispose of the business.
Two, it prescribes what to do if they wish to sell the business.
Three, it also tells them what happens if they wish to dissolve the partnership.
If you consider setting up a business partnership with your spouse, contact Green and Peter before it is too late on 020 8446 8100.
Are You Considering Going into Partnership with Your Spouse and Are You Aware of the Possible Pitfalls?
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Green & Peter
Green and Peter Accountants Ltd was established in 1993 when Robert Green and Derek Peter decided to join forces. Working in North London and close to Totteridge and Whetstone tube, Green and Peter are accessible to all clients both in person and over zoom. Green & Peter specialises in accounting for creative people, understanding their needs and requirements. From film producers to photographers and artist to models and fashion professionals. We are highly experienced in this sector.
