Top 5 Legal Issues for Business Partnerships
1. 5 Reasons Why You Should Form a PartnershipPartnerships aren't for every business, and before you decide whether it's right for your business there are some things to take into consideration. While partnerships may be easy to create and end, there may be some hard choices to make when it comes to partners' duty of loyalty to each other.
2. 5 Clauses Every Partnership Agreement Should IncludeIf you are starting a partnership, you'll need a partnership agreement. And any good partnership agreement will need explicit clauses delineating capital contributions, partner duties, and partner shares of profits and losses, as a start.
3. How to Protect Yourself in a Business PartnershipOne of the biggest legal issues in a partnership is limiting liability among the partners. Can one partner saddle the entire business with debt or a poorly negotiated business contract or agreement? Find out how you can protect yourself against a bad partner.
4. End a Biz Partnership Without Ending Your BusinessBefore you even begin your partnership, you'll want to have an exit strategy. There are ways for small business, and even partners, to survive the end of a partnership in better shape than when they started.
5. Do I Need a Lawyer to Form a Partnership?Partnerships are relatively easy to form, but that doesn't mean they're always easy to maintain and manage. So while you could form a partnership without an attorney's expertise, why not make sure your partnership is set up to succeed from day one? Contact a business organization attorney today.
- Find Business Organizations Lawyers Near You (FindLaw's Lawyer Directory)
- How a Family Limited Partnership Could Help Your Business (FindLaw's Free Enterprise)
- Partnership Rules: FAQs (FindLaw's Learn About the Law)
- Partnership Taxes (FindLaw's Learn About the Law)
- Learn About Our DIY Business Formation Services (FindLaw Forms & Services)
You Don’t Have To Solve This on Your Own – Get a Lawyer’s Help
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