Partnerships have become one of the main structures of Irish farming: two generations farming together before a transfer, neighbours combining enterprises, or spouses formalising what was always a joint operation. The supports and treatments available to registered farm partnerships make the structure attractive — but the structure is only as good as its documents.
Mary Molloy Solicitors are solicitors, not tax advisors. Tax information on this page is general in nature. You should obtain advice from a qualified tax advisor or accountant on your specific circumstances; we regularly work alongside clients’ accountants when implementing farm transfers.
What We Draft
- Partnership agreements: capital and profit shares, drawings, decision-making, banking, what each partner contributes, retirement, incapacity, death and dissolution.
- On-farm and land licence agreements: keeping the land in its owner’s name while making it available to the partnership on defined terms.
- Succession farm partnership documents: the agreement, the transfer commitment and the deed that ultimately completes the handover — dovetailed with the wider succession plan.
- Exit and dissolution documents: retirement deeds, accounting for capital, and unwinding structures where circumstances change.
Partnership as the Bridge to Transfer
For many families the partnership is not the destination but the bridge: it brings the successor formally into the business years before the deed of transfer, creates the paper trail that supports the family’s relief planning (which your accountant leads), and lets the older generation step back gradually rather than abruptly. Structured this way, the eventual transfer is an orderly final step rather than a leap. Read more in registered farm partnerships: structure and common pitfalls.
Formalise the Partnership Properly
A partnership agreement drafted now is far cheaper than a partnership dispute resolved later.
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