If a business partnership is formed, is there any implied responsibility between the partners (eg. 50%/50%)?

Seattle, WA Viewed 192 times. Posted 10 months ago in Partnership
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If nothing has been put in a written contract between the partners outlining each respective persons responsibility to the business, is there anything implied in simply forming the patnership? - Is this your question? Add additional information
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Answers (2)

Okorie Okorocha

Okorie Okorocha Avvo Pro

Contributor Level 9
This attorney is licensed in California. Posted 10 months ago. Flag as objectionable
Starting a business partnership without a written contract is like begging for a lawsuit, you need an attorney and a contract.

My standard disclaimer: I am not offering legal advice, assume I do not know the law in your state and that I am just making suggestions. Do NOT rely on anything I write and contact a lawyer in your area immediately for real legal advice.
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John Arthur Bender JR

John Arthur Bender JR

Contributor Level 4
This attorney is licensed in Washington. Posted 10 months ago. Flag as objectionable
Yes, absent agreement otherwise the partnership is assumed to be a 50/50. You need compenetent legal advice for such a business formation.
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