03333 444 171

enquiries@sfb.group
SFB GroupSFB Group
  • Accountancy
    • Accounts
    • Specialisms
  • Making Tax Digital
  • Tax
  • Clients
  • News
  • Get In Touch
    • Nuneaton
    • Leicester
    • Working Here

Partnership Agreement

Home > Agriculture & Farming > Partnership Agreement

Partnership Agreements in your agricultural business
The importance of a Partnership Agreement in your agricultural business

The majority of British farms are structured as a partnership between family members. Unfortunately, there is always potential for disagreements and disputes within partnerships, especially with those that both work and live together. therefore, it is important to have a well structured Partnership Agreement which can also provide access to valuable Inheritance Tax Reliefs.

What should you consider?

  • Whether to be a General or Limited Partnership
  • The age and health of the partners
  • How the property and assets are held
  • Profit share and loss apportionment
  • Issues over direction or control and time dedicated to the business
  • Banking and insurance
  • The clarity of how to proceed with financial consequences should a dispute occur
  • Exit clause, retirement, death, additions of new partners and dissolving the partnership
  • Reviewing the agreement every 2-4 years

To discuss a Partnership Agreement in your agricultural business, please contact SFB on 03333 444 171 or email agriculture@sfb.group.

  • Values
    • Our EPIC Values
    • Freedom
    • Who We Are
    • Accreditations
  • Data Protection/Privacy Policy
  • Terms & Conditions
  • Testimonials
  • News & Events
  • Our Team
  • Working At SFB

SFB Watermark© Copyright SFB Group Limited 2017


Privacy Policy


Site Credits: Dreamscape Design Ltd