A business partnership can mirror a marriage in many ways – from the initial excitement of the wedding in the signing of legal partnership agreements (we hope!) to the dissolution through death or divorce.
There are essential steps at every stage of a partnership that will help ensure the stability of the organization and the satisfaction of all parties involved. Get familiar with these steps by using these resources from our legal team. And we’re always available to assist at every stage.
Thinking of starting a business with one or more people? Already in a business partnership and wondering how to plan for the future? Our firm has written repeatedly about the ins and outs of partnerships.
Just because someone gives you their time or money, does not mean they should have a say on how you run your company.
Find out how to maintain control of your business.
You may not be able to avoid liability to a third party who has been injured by your partner, but you may be able to lessen your overall harm.
Read Nasir’s advice on what to do to protect yourself.
How do you know when to walk away or when to fight?
Explore possible outcomes and find out what the best move is for you if your cofounder turns out to be a criminal.
Fewer than 30% of small business owners have a succession plan.
Find out what you need to do in order to plan a business exit strategy.
What about the small details, like contracts?
Don’t forget that any legal agreement should, at the very least, be reviewed by your lawyer. Your lawyer should be just as invested in the success of your business as you and your partner.
Pasha Law Select customers enjoy a flat-rate fee structure that allows us to truly understand their businesses inside and out.