A Professional Partnership Agreement Drafted by an Attorney

Your business deserves a professional partnership agreement.

The Partnership Agreement (also called Operating Agreement or Shareholders Agreement) is a legal contract between the owners of a business. It determines the rights, responsibilities, and remedies available to each partner.

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Partnership Agreement

 

Call now to speak with a small business attorney: (412) 626-5626

When you go through the process of drafting a custom Partnership Agreement with an attorney, you have to consider dozens of factors. A good small business attorney knows the right questions to ask to protect you and your business from trouble.

Example questions answered by the Partnership Agreement:

  • What will happen if one partner dies or becomes disabled?
  • Who has the right to buy or sell equity in the business?
  • When can one partner be forced out by the others?
  • How will the purchase price be calculated in the event of a buyout?
  • What protections will keep the minority owners from being oppressed by the majority?

What can go wrong if you jump into a business without a professional Partnership Agreement?

  • You could be forced out of the business by your partners
  • You could get stuck with partners who aren’t contributing
  • You could have your effective percentage reduced
  • You could be frozen out of profit distributions
  • You could be forced to spend thousands of dollars in costly shareholder litigation

No business should operate without a good Partnership Agreement, and nobody should throw their time and money into a business without one. Talk to a small business attorney today.

Call an attorney at

(412) 626-5626

Email KM&A at

lawyer@lawkm.com

Client Testimonials

Attorney David Manes is a great asset and source of information for my small business. He is incredibly accessible and very quick to respond to my emails and phone calls… He brings a lot of ideas and knowledge to the table that are essential for my small business growth.
Bryan, small business client
David Manes is extremely knowledgeable, as well as personable. He listens very well and takes into account your company’s needs. Furthermore, David is very helpful in guiding you towards what legal services are best for you and your company.
Melissa, small business client

 

 

 

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