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.
Kings New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership is a legally binding document that outlines the terms and conditions of employment for physicians at a medical practice in Kings County, New York. This agreement aims to establish a mutually beneficial relationship between the physician and the medical practice while protecting the interests of both parties. Keywords: Kings New York, employment agreement, non-competition agreement, physician, medical practice, limited liability partnership, terms and conditions, mutually beneficial relationship, interests. There might be different types of Kings New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership, depending on various factors such as specialization, duration, and specific clauses included. Some possible variations include: 1. Full-time Employment Agreement: This agreement applies to physicians who are employed by the medical practice on a full-time basis, typically working a predetermined number of hours per week. 2. Part-time Employment Agreement: This agreement is designed for physicians who work on a part-time basis at the medical practice, providing services for a reduced number of hours compared to full-time employees. 3. Fixed-term Employment Agreement: This type of agreement is applicable when the physician's employment at the medical practice is for a specific duration, indicating a clear start and end date. 4. Indefinite-term Employment Agreement: This agreement is not limited by a specific duration and is typically used when the employment relationship between the physician and the medical practice does not have a predetermined end date. 5. Non-Competition Agreement: This agreement includes clauses that restrict the physician from engaging in certain professional activities or working for competing medical practices within a certain geographical area and time frame, usually after the termination of employment. It is essential to carefully review and tailor the Kings New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership to meet the specific needs and requirements of both the physician and the medical practice. Seeking legal advice during the drafting and negotiation process is strongly encouraged to ensure compliance with applicable laws and regulations.Kings New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership is a legally binding document that outlines the terms and conditions of employment for physicians at a medical practice in Kings County, New York. This agreement aims to establish a mutually beneficial relationship between the physician and the medical practice while protecting the interests of both parties. Keywords: Kings New York, employment agreement, non-competition agreement, physician, medical practice, limited liability partnership, terms and conditions, mutually beneficial relationship, interests. There might be different types of Kings New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership, depending on various factors such as specialization, duration, and specific clauses included. Some possible variations include: 1. Full-time Employment Agreement: This agreement applies to physicians who are employed by the medical practice on a full-time basis, typically working a predetermined number of hours per week. 2. Part-time Employment Agreement: This agreement is designed for physicians who work on a part-time basis at the medical practice, providing services for a reduced number of hours compared to full-time employees. 3. Fixed-term Employment Agreement: This type of agreement is applicable when the physician's employment at the medical practice is for a specific duration, indicating a clear start and end date. 4. Indefinite-term Employment Agreement: This agreement is not limited by a specific duration and is typically used when the employment relationship between the physician and the medical practice does not have a predetermined end date. 5. Non-Competition Agreement: This agreement includes clauses that restrict the physician from engaging in certain professional activities or working for competing medical practices within a certain geographical area and time frame, usually after the termination of employment. It is essential to carefully review and tailor the Kings New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership to meet the specific needs and requirements of both the physician and the medical practice. Seeking legal advice during the drafting and negotiation process is strongly encouraged to ensure compliance with applicable laws and regulations.
