- Swansea (Main)01792 773 773
- Caerphilly02920 860 628
- Cardiff02920 225 472
- Carmarthen01267 234 022
- Cowbridge01446 771 742
- Fishguard01348 873 671
- Haverfordwest01437 764 723
- Rural Practice01267 266 944
- St Davids01348873671
- Please note that all phone calls are recorded
Partnership Agreements
Informal, oral agreements tend to be the order of the day for most farming businesses however this is a risky strategy. For example, if you do not have a written partnership agreement it is possible for any partner at any time to bring that partnership to an end. This could cause huge practical difficulties in terms of frozen bank accounts or management of livestock.
Every farming business should consider :
1. How to minimise tax liability;
2. How to manage business debts;
3. Ease of operating the business;
4. Flexibility should the objectives of the business or its members change;
5. Who carries out the management responsibilities;
6. Cost reduction;
7. Planning for the future; and
8. The best interests of all parties involved.
One of the most important considerations should be who owns the assets and their relative values and what happens when the partnership comes to an end. It is easy to forget to consider how to end an agreement when you are positive about its position at the moment. JCP’s Rural Practice solicitors can advise on the most appropriate structure for your business and assist with the preparation of the necessary legal documentation.
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- Sean Boucher
- Director - Lifetime Planning
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- Rhys Evans
- Director - Agricultural & Property Litigation
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- Rory Hutchings
- Director & Head of Rural Practice
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- Alice Dearden Cobbett
- Associate Solicitor - Rural Practice
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- Malcolm Thomas
- Rural Client Manager - Rural Practice
- 07837 109 599
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- Robyn Bramham-Exley
- Legal Secretary - Property Litigation & Rural Practice
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- Michelle Garey
- Legal Secretary - Rural Practice
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- Noel Liemann
- Trainee Solicitor - Property Litigation & Rural Practice
Rory Hutchings
Richard Howells
Alice Dearden-Cobbett
Myria Griffiths
Rhianydd Llewellyn