The Limited Liability Partnership (LLP) is an alternative to the limited liability company (LLC). As with the limited liability company, the limited liability partnership provides a method of insulating partners from personal liability for acts of other partners.
A limited liability partnership is a general partnership that elects to be treated as an LLP by registering with the Secretary of State. Many attorneys and accountants choose the LLP structure since it shields the partners from vicarious liability, can operate more informally and flexibly than a corporation, and is accorded full partnership tax treatment. In a general partnership, individual partners are liable for the partnership's debts and obligations whereas the partners in a limited liability partnership are statutorily provided full-shield protection from partnership liabilities, debts and obligations. It allows the members of the LLP to take an active role in the business of the partnership, without exposing them to personal liability for others' acts except to the extent of their investment in the LLP. Many law and accounting firms now operate as LLPs. In some states, with certain exceptions, the LLP is only available to attorneys and accountants.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Title: Florida Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership Description: In Florida, an Employment Agreement and Non-Competition Agreement between a Physician and a Medical Practice Providing Services as a Limited Liability Partnership is a legally binding contract that outlines the terms and conditions of the employment relationship and restricts the physician's ability to compete with the medical practice upon termination of the agreement. This comprehensive agreement ensures a clear understanding between the physician and the medical practice, protecting the interests of both parties involved. The agreement typically includes provisions regarding compensation, work schedule, benefits, non-competition, and confidentiality. Keywords: Florida, Employment Agreement, Non-Competition Agreement, Physician, Medical Practice, Limited Liability Partnership, terms and conditions, employment relationship, compete, termination, compensation, work schedule, benefits, non-competition, confidentiality. Types of Florida Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership: 1. Standard Employment Agreement: This type of agreement outlines the general terms and conditions of the physician's employment within the medical practice. It covers aspects such as duties and responsibilities, compensation structure, work schedule, leave policies, benefits, and termination provisions. 2. Non-Competition Agreement: This specific agreement restricts the physician from engaging in any competitive activities that may harm the medical practice's business interests in a certain period after termination of employment. It includes provisions specifying geographic limitations, duration of restriction, and potential consequences for breaches. 3. Partnership Agreement: Sometimes, physicians may enter into a Limited Liability Partnership with the medical practice. In such cases, an additional partnership agreement may be required, addressing ownership rights, profit sharing, decision-making authority, and overall partnership obligations. 4. Confidentiality Agreement: In this agreement, the physician agrees to maintain the confidentiality of the medical practice's proprietary and patient information, protecting it from unauthorized disclosure or use. As employment agreements and non-competition agreements can vary depending on the specific needs and objectives of the parties involved, it is crucial for physicians and medical practices to seek legal advice to ensure compliance with Florida state laws and to tailor the agreement to their specific circumstances. Remember, the information provided here is a general overview and should not substitute legal counsel or professional advice.Title: Florida Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership Description: In Florida, an Employment Agreement and Non-Competition Agreement between a Physician and a Medical Practice Providing Services as a Limited Liability Partnership is a legally binding contract that outlines the terms and conditions of the employment relationship and restricts the physician's ability to compete with the medical practice upon termination of the agreement. This comprehensive agreement ensures a clear understanding between the physician and the medical practice, protecting the interests of both parties involved. The agreement typically includes provisions regarding compensation, work schedule, benefits, non-competition, and confidentiality. Keywords: Florida, Employment Agreement, Non-Competition Agreement, Physician, Medical Practice, Limited Liability Partnership, terms and conditions, employment relationship, compete, termination, compensation, work schedule, benefits, non-competition, confidentiality. Types of Florida Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership: 1. Standard Employment Agreement: This type of agreement outlines the general terms and conditions of the physician's employment within the medical practice. It covers aspects such as duties and responsibilities, compensation structure, work schedule, leave policies, benefits, and termination provisions. 2. Non-Competition Agreement: This specific agreement restricts the physician from engaging in any competitive activities that may harm the medical practice's business interests in a certain period after termination of employment. It includes provisions specifying geographic limitations, duration of restriction, and potential consequences for breaches. 3. Partnership Agreement: Sometimes, physicians may enter into a Limited Liability Partnership with the medical practice. In such cases, an additional partnership agreement may be required, addressing ownership rights, profit sharing, decision-making authority, and overall partnership obligations. 4. Confidentiality Agreement: In this agreement, the physician agrees to maintain the confidentiality of the medical practice's proprietary and patient information, protecting it from unauthorized disclosure or use. As employment agreements and non-competition agreements can vary depending on the specific needs and objectives of the parties involved, it is crucial for physicians and medical practices to seek legal advice to ensure compliance with Florida state laws and to tailor the agreement to their specific circumstances. Remember, the information provided here is a general overview and should not substitute legal counsel or professional advice.
