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Partnerships, LLC & Corporate Disputes

Riverside Business Partnership Lawyers

The Knez Law Group is a boutique law firm which means that we can assist you with a variety of your legal needs as well as provide legal representation in specialized and sophisticated areas of law. Our Riverside business partnership attorneys are experienced litigators who can assist you with your business, employment, and contract needs from start to finish. Although we’re located in Riverside, we serve the Inland Empire and all of Southern California.

Understanding Partnerships and Liability – A partnership is one type of legal entity that consists of two or more persons who decide to operate a business to obtain a profit. A partnership is not a separate legal entity from the business. Instead, in partnerships, all profits and losses may flow through to the partners. Depending on the type of partnership entered into, some or all of the partners may be personally liable for any business losses. Understanding the types of partnerships available and the effects of each on your business operation is important. In addition, forming a valid partnership is essential to ensuring that your intentions are carried out. For information and assistance with forming a partnership in the state of California, contact the Knez Law Group for an initial consultation.


General Partnership – A general partnership is simply when two or more individuals come together to form a business. In doing so they are responsible for all profits and losses and may be held personally liable for amounts over and beyond what was put into the partnership. Although all partners are responsible for profits and losses in a general partnership, our attorneys always recommend meeting with experienced counsel to assist in drafting key documents such as partnership agreements at the outset of the business. Partnership agreements can outline key details including the responsibilities of the parties, specific terms regarding what the partners may or may not do, and how to resolve disputes. Not only does this protect all of the partners in the event of a dispute, but it provides an avenue for relief in the event of a violation by one of the partners.


Limited Partnership – A limited partnership provides more protection for some of the partners. In limited partnerships there must be at least one general partner and one limited partner. The general partner has more responsibilities of running the day-to-day operations of the business. Limited partners typically only provide financial capital to the business. In the event of liability, general partners are personally responsible for any obligations of the partnership. However, the limited partners are only liable for the extent of funds they have in the partnership.

Formulation of a limited partnership in California requires the parties to comply with certain laws. Failure to do so may result in a legal determination that a general partnership existed, exposing all partners to liability. If you are interested in forming a limited partnership within the state, speak with one of our attorneys to ensure that all appropriate documentation is complete to protect yourself and your business.


Partnership Attorneys Helping Businesses in the Inland Empire, Orange County and Los Angeles

The Knez Law Group is equipped to handle all of your business law matters, such as disputes, dissolution, and partnership lawsuits. If you need assistance with creating or dissolving a Partnership or have an existing Partnership with pending litigation contact The Knez Law Group today. We are located in Riverside, CA but also serve San Bernardino, Los Angeles, Orange County, San Diego and as far north as San Francisco. Contact the Knez Law Group today at (951)742-7681 to schedule a consultation.

Knez Law Group A Smart Approach To Legal Service

Knez Law is a father and son law firm serving Southern California.

Being a smaller firm, Knez Law has a reputation of providing personal attention to their clients while providing effective legal solutions in the areas of business litigation, personal injury, family law, probate litigation, employment litigation and legal and medical malpractice.


Senior partner, Fred J. Knez, founded the firm based on the belief that solid legal representation requires a commitment to the client’s needs and a focus on successful results. At Knez Law, we pride ourselves on one-on-one relationships with our clients, and a legal team dedicated to effective representation.

Fred J. Knez


Andrew J. Knez


Matthew J. Knez