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Creating a Partnership Agreement

If you and your partners don't spell out your rights and responsibilities in a written partnership agreement, you'll be ill-equipped to settle conflicts when they arise, and minor misunderstandings may erupt into full-blown disputes. In addition, without a written agreement saying otherwise, your state's laws will control many aspects of your business.

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Top 10 Reasons to Contact an Attorney before Selecting a Business Entity

When people decide to start a business, they usually have a great idea and some money to invest in the enterprise. Some people opt to start the business by themselves or with family members; others have partners or other investors who will not be involved with the management of the business. The law differs in any of these situations, and even business people who decide to go it alone have options to protect themselves from personal liability for business debts and obligations. A lawyer experienced in business law and entity selection can help you focus on all of the following important considerations.

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Case Summaries

Frequently Asked Questions

In what ways are joint ventures and partnerships alike?

Do shareholders of closely held corporations have any legal responsibilities to each other?

What is a shareholder voting agreement?

Why do corporate laws require that directors explicitly dissent from objectionable board decisions?

Do limited liability companies follow the partnership or corporation model for dissolution?

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