What are partnerships? Introduction to partnerships

WHY SWITCH TO A PARTNERSHIP MODEL?

We believe that this new business model will provide a more attractive way of engaging with team members and, perhaps more importantly, it will allow the business, as a whole, to be more productive, more successful and more profitable.

Partners, not employees

Should you choose to make the switch, those invited to join the partnership will cease being employees and instead become partners of the business. As such, they will be provided with a quarterly business performance report showing how performance is tracking against targets and encouraged to engage with the other partners in reviewing this progress and building upon it.

Financially efficient

Moving staff to this new model is more financially efficient for the business, as it produces a lower tax burden. This means that there will be more funds available for investing in the growth of the business and also for supporting a more generous remuneration plan for partners. Upon joining the Limited Liability Partnership (LLP), all partners will be guaranteed the same net monthly pay, all current benefits and assurances, such as maternity pay, employment rights, etc.

Profit share

In fact, contract conditions will remain exactly as they are now. Importantly though, team members will also be entitled to a team-wide profit share pool which will pay out on an (annual/bi-annual) basis. More details of the profit-sharing plan will be established shortly. Obviously, the specifics of how the partnership functions will be up to you, the business owner.

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ben crampin

Partner

Ben’s been here pretty much since the get-go and, as such, has been instrumental in growing the business into what it is today.
 
He’s passionate about, in his words, ‘helping people and businesses that are just constantly being taken advantage of’ by providing affordable advice and support with an eye to ‘levelling the playing field’.
 
Ben looks forward to the day when automation will, once and for all, fumigate the fear and confusion caused by oppressive bureaucracy and strongly believes that ‘technology holds the solutions to the problems we’re trying to solve’.
 
Furthermore, he can see that technology will, in time, provide the scalability required to help a theoretically limitless number of SMEs survive and thrive against the odds.
Ben doesn’t think much of government agencies and he doesn’t suffer fools; two points that aren’t always mutually exclusive.