Companies Act 2006: Primary legislation governing company operations, including provisions for profit distributions, directors' duties (sections 171-177), rules on distributable profits, and dividend regulations
Partnership Act 1890: Legislation governing traditional partnerships, including rules on profit sharing between partners and their rights and obligations
Limited Liability Partnerships Act 2000: Specific legislation for LLPs, covering profit sharing arrangements and operational requirements for limited liability partnerships
Corporation Tax Act 2010: Tax legislation governing corporate taxation, including tax implications of profit distribution and treatment of different types of distributions
Income Tax Act 2007: Legislation covering personal tax implications for recipients of profit distributions and tax treatment of different distribution methods
Financial Services and Markets Act 2000: Regulatory framework for financial services, relevant when profit distribution agreements involve regulated financial activities
Common Law Principles: Fundamental legal principles including contract law basics, fiduciary duties, and good faith obligations that apply to profit distribution agreements
Insolvency Act 1986: Legislation governing insolvency situations, including rules about distributions when facing insolvency, illegal distributions, and clawback provisions
