There are two forms of business partnerships used in the UK: the 'traditional' partnership structure and the limited liability partnership (LLP). A traditional partnership is simple to set up: the only formal document required is a partnership agreement (also knows as a partnership deed or deed of partnership). An LLP is a more formal structure with the benefits of limited liability. An LLP needs to be registered with Companies House and has to meet certain reporting obligations.
We provide a range of partnership templates to help you form and run a traditional partnership or LLP, and to convert an existing partnership to an LLP.
A business partnership is usually created for business relationships of a long-term nature. For people who want to work with a company or individual on a short term basis then a consultancy agreement may be more appropriate. If you are looking for a "partnership" between businesses, then maybe you really be looking for a Joint Venture Agreement.
You can find out more about partnerships and LLPs as a business structure in our Partnerships and LLPs Fact Sheet.