Summary

It is important that a practice manager understands the partnership relationship, whether or not they are a partner themselves. This topic first sets out issues for practice managers who are not partners, and secondly issues for practice managers who are, or are considering becoming, partners.

The topic also considers what other legal forms a practice might consider using.

In Practice

Who Can Become a Partner?

A partnership is defined as “the relationship which subsists between persons carrying on a business in common with a view of profit” (s.1 of the Partnership Act 1890).

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