Partnership Standard Format Minutes
Unlike limited companies the legislation governing partnerships does not specify how partnerships record their internal decisions. There is no equivalent provision for a partnership to section 248 of the Companies Act 2006, whereby every company must record the minutes of all proceedings at meetings of its directors and records must be kept.
It is however likely that the governing partnership agreement will specify how internal decisions should be made and recorded; this will usually apply to meetings of the members of the partnership as a whole and those decisions taken by the managing partner. Even if the partnership agreement is silent, it is a matter of good internal administration that a process is established for arriving at decisions and a record of meetings is kept by the partnership.
This template is based on the standard format minutes for companies and adapted for partnerships. It may be used to record the minutes of a meeting of the members of the partnership.
These minutes contain optional wording and are in open format. The requisite details should be inserted into the highlighted fields or the wording can be adjusted to suit your purposes. Wording in square brackets is optional. If it is required, then the brackets should be deleted and the wording within them retained. If the wording is not required, then it can be deleted.
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