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general partnerships Tag

Solutions for a Breach of Contract in the State of California

If you have reason to believe that the contract you have entered into has been violated, a business litigation lawyer can inform you on possible resolutions, including filing a claim against the breaching party. A skilled litigator can guide you through available legal options. Depending on the specifics of your case, a lawsuit may provide you with significant damages, including monetary damages in the form of loss of income, loss of real or personal property, and attorney fees. The solutions available to you will depend on many factors of the case; therefore, it is crucial that you seek the advice...

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Understanding General Partnerships in the State of California

A general partnership in the state of California is the collective entity that is formed when two or more individuals and/or entities engage in a trade or business. The intent of all shared activities is to share profits as well as losses. General Partnership versus Sole-proprietorship A General Partnership in the state of California is one of the most common arrangements of business ownership. This form of arrangement is very similar to an arrangement known as sole-proprietorship. There is, however, one main difference between the two. A businesses ownership known as sole-proprietorship refers to a single individual who is the one responsible...

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