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.
The Suffolk New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership is a legally binding contract that outlines the terms and conditions of employment for physicians joining a medical practice in Suffolk County, New York. This agreement serves to protect the interests of both the physician and the medical practice and ensure a mutually beneficial working relationship. Keywords: Suffolk New York, Employment Agreement, Non-Competition Agreement, Physician, Medical Practice, Limited Liability Partnership. There are different types of Suffolk New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership, including: 1. Full-Time Physician Employment Agreement: This agreement is designed for physicians who will be working as full-time employees of the medical practice. It covers salary, benefits, work schedule, on-call duties, and other terms relevant to full-time employment. 2. Part-Time Physician Employment Agreement: This agreement is tailored for physicians who will be working on a part-time basis for the medical practice. It addresses the specific terms and conditions related to part-time work, such as hourly rates, scheduling flexibility, and compensation structure. 3. Associate Physician Employment Agreement: The Associate Physician Employment Agreement is meant for physicians who are not yet partners in the medical practice but are working towards partnership. It outlines the criteria and expectations for attaining partnership status and may include provisions regarding non-compete agreements and buy-in options. 4. Non-Competition Agreement: This agreement is signed by physicians joining the medical practice and aims to prevent them from competing with the practice within a specific geographical area and time frame after their employment ends. It typically includes provisions related to non-solicitation of patients, non-disclosure of trade secrets, and non-recruitment of employees. The Suffolk New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership is crucial for establishing clear expectations and protecting the interests of both the physician and the medical practice. It acts as a roadmap for the employment relationship and ensures that all parties involved understand their rights and obligations.The Suffolk New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership is a legally binding contract that outlines the terms and conditions of employment for physicians joining a medical practice in Suffolk County, New York. This agreement serves to protect the interests of both the physician and the medical practice and ensure a mutually beneficial working relationship. Keywords: Suffolk New York, Employment Agreement, Non-Competition Agreement, Physician, Medical Practice, Limited Liability Partnership. There are different types of Suffolk New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership, including: 1. Full-Time Physician Employment Agreement: This agreement is designed for physicians who will be working as full-time employees of the medical practice. It covers salary, benefits, work schedule, on-call duties, and other terms relevant to full-time employment. 2. Part-Time Physician Employment Agreement: This agreement is tailored for physicians who will be working on a part-time basis for the medical practice. It addresses the specific terms and conditions related to part-time work, such as hourly rates, scheduling flexibility, and compensation structure. 3. Associate Physician Employment Agreement: The Associate Physician Employment Agreement is meant for physicians who are not yet partners in the medical practice but are working towards partnership. It outlines the criteria and expectations for attaining partnership status and may include provisions regarding non-compete agreements and buy-in options. 4. Non-Competition Agreement: This agreement is signed by physicians joining the medical practice and aims to prevent them from competing with the practice within a specific geographical area and time frame after their employment ends. It typically includes provisions related to non-solicitation of patients, non-disclosure of trade secrets, and non-recruitment of employees. The Suffolk New York Employment Agreement and Non-Competition Agreement between Physician and Medical Practice Providing Services as a Limited Liability Partnership is crucial for establishing clear expectations and protecting the interests of both the physician and the medical practice. It acts as a roadmap for the employment relationship and ensures that all parties involved understand their rights and obligations.
