Partnership Act 1890: Primary legislation defining partnerships, basic rights/obligations, and governing relationships between partners. Provides default provisions if not otherwise agreed in the partnership agreement.
Limited Partnerships Act 1907: Legislation governing limited partnerships, relevant if the structure includes limited partners with different liability structures.
Companies Act 2006: Relevant legislation when the partnership has corporate partners, including corporate governance provisions and requirements.
Limited Liability Partnerships Act 2000: Key legislation to consider if there's potential for future conversion to LLP structure or if comparing different partnership models.
Income Tax Act 2007: Tax legislation governing how partnerships and partners are taxed on income, including profit distribution and tax reporting requirements.
Corporation Tax Act 2010: Tax legislation relevant for corporate partners and certain partnership structures, including tax treatment of partnership profits.
Employment Rights Act 1996: Legislation defining partner vs. employee status, rights, and obligations within the partnership structure.
Equality Act 2010: Legislation ensuring non-discrimination and equal treatment of partners, including protected characteristics and fair treatment provisions.
Financial Services and Markets Act 2000: Regulatory framework for partnerships providing regulated financial services, including compliance requirements and restrictions.
Data Protection Act 2018: Legislation governing data protection obligations and privacy considerations for partnership data handling and management.
UK GDPR: Data protection regulations affecting how partnerships must handle personal data of partners, employees, and clients.
Competition Act 1998: Legislation governing anti-competitive practices and restrictive covenants in partnership agreements.
Common Law Principles: Established case law and legal principles affecting partnerships, including fiduciary duties and partner obligations.
Professional Regulations: Industry-specific professional regulations and standards that may affect partnership operations and governance.
