Once a General Business Partnership Agreement is written and the business established, most contractual business should be done thereafter under the name of the General Partnership. [ Read More… → ]

The monetary value of each partner’s “sweat equity” or other non-cash contribution to the Partnership can only be determined by the parties involved. The partners must make such a determination through their own internal negotiations. Outside counsel can be consulted to help make a fair determination, but in the end only the potential partners can agree as to what is suitable to their business arrangement. [ Read More… → ]

Much of the ability of a government agency to easily seize or attach assets for issues like unpaid child support or unpaid taxes rests with the type of business structure created. [ Read More… → ]

In most circumstances, day-to-day operational matters do not require the signatures of both parties in a Partnership — unless such a two-signature clause is created specifically within the initial Partnership Agreement or as a condition within a specific vendor contract, in advance.

See complete details on Standard Legal’s Partnership Agreement legal forms software here.

Yes, an individual can enter into a lease agreement with a Partnership and also be a member of that Partnership.  But be aware that one particular issue may arise and needs to be covered in one of the legal documents relevant to this set up. [ Read More… → ]