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Business Partnerships Tag

Business Formation in California: How an Attorney Can Protect Your Rights

The initial steps of starting a business are some of the most important. Based on the primary steps you take, you can help to ensure that you have a secure and stable foundation to have a successful business venture. When structuring a business, it is imperative to structure it in a way that will meet your long-term and short-term business goals. Opting for an inadequate structure can have harmful consequences that could range from tax concerns, financial burdens, litigation, or other legal problems. Whether you're starting up a restaurant, service company, or even a cannabis business, Knez Law Group can help...

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Important Elements Every Business Partnership Agreement Should Address (Part II)

Partnerships can be very beneficial for business as there is a team behind the creation, development and management of the organization. Partnership relationships should be valued and cared for however, and one of the best methods of ensuring its integrity is by creating a business partnership agreement. While business partnership agreement could be drafted by anyone, an experienced business attorney could help to ensure that your business partnership agreement is not generic, but rather customized to fit your specific business needs. The following are some of the most essential elements that should be included in a strong business partnership agreement. Business Developments ...

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Important Elements Every Business Partnership Agreement Should Address (Part I)

When a business is set up by a means of a partnership, it can thrive on the basis of several benefits. A business partnership has the advantage of having diverse skills, knowledge, and resources. A business partnership is similar to that of a sole proprietorship, whereas each partner will own a segment of the business’ assets and liabilities. Partnerships can present several difficulties, however. It is important to address important elements regarding starting and running the business. Having several people making decisions for the business could complicate things, therefore, entering into a partnership agreement is highly recommended. A good partnership agreement...

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