Fixed Share Partnership Agreement Template for England and Wales

Partnership Act 1890: Primary legislation that defines partnerships, establishes basic partnership rights, sets out default provisions for partner relationships, and covers profit sharing and liability principles

Limited Liability Partnerships Act 2000: Governs the structure and operation of Limited Liability Partnerships (LLPs), relevant if the partnership is or plans to become an LLP

Equality Act 2010: Prevents discrimination in professional partnerships and ensures equal treatment of partners in all aspects of the partnership

Employment Rights Act 1996: May be applicable if fixed share partners could be deemed 'workers', impacts their rights and protections within the partnership

Income Tax Act 2007: Governs the tax treatment of partnership income and establishes partner taxation status

Finance Acts (various): Contains tax provisions affecting partnerships and National Insurance contribution requirements

Professional Body Regulations: Includes specific regulations such as SRA rules for legal partnerships or ICAEW regulations for accounting firms, depending on the partnership's profession

Money Laundering Regulations 2017: Anti-money laundering requirements that may apply to the partnership's activities and operations

Companies Act 2006: Relevant for financial arrangements and applicable if converting to LLP structure, contains provisions affecting partnership governance