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Alex J.
Alex J., Solicitor
Category: Law
Satisfied Customers: 3756
Experience:  Solicitors 2 years plus PQE
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Alex, can I have different member levels and can I have

Customer Question

Hi Alex, can I have different member levels and can I have differing revenue splits based on each individual sale ?
Submitted: 1 year ago.
Category: Law
Expert:  Alex J. replied 1 year ago.

Hi, Thank you. The key thing about at LLP is flexibility you are free to allocate the capital and income however the members agree and on whatever terms. If you going to split it based on individual sale, you may just be better creating separate commission style agreements for the purpose of distributing income,

Customer: replied 1 year ago.
Hi Alex, but can I have differing member levels with differing voting rights
Expert:  Alex J. replied 1 year ago.

Hi, Thank you. Yes you can, but you need to be able to describe the rights clearly in a partnership deed.