Before forming a new collaboration, assessing a potential partner's financial picture—and putting the right safeguards in ...

As the business grows, it can become complicated and outgrow the partnership structure. The LLC, which stands for Limited Liability Company, is one of the most common small business structures. A sole ...

Personal liability is a major concern if you use a general partnership to structure your business. Like sole proprietors, general partners are personally liable for the partnership's obligations ...

The self-assured, individualistic nature of the entrepreneur belies the need for a robust network of partnerships. But you ...

When first cousins Peter Guidi, 60, and JJ Mokarzel, 62, decided to launch a bourbon company, Joe Louis Spirits, in Old Orchard Beach, Maine, they each drew from experiences with prior ...

The two most common are general and limited partnerships. A business organization that serves some public purpose and therefore enjoys special treatment under the law. Nonprofit corporations ...

Replacing their partnership structures with a corporate one would be a giant leap forward. It would turbocharge the legal function’s integration with business and elevate its impact on customers.

We began this structure with a client about 25 years ... have no right to participate in the management of the limited partnership business. This ensures that the parents or general partners ...