Meredith R. Miller is a legal educator and scholar. She is also the principal of Miller Law, PLLC. Miller Law serves two constituencies: attorneys requiring consultation and small... more
Meredith R. Miller is a legal educator and scholar. She is also the principal of Miller Law, PLLC. Miller Law serves two constituencies: attorneys requiring consultation and small business clients in need of representation and advising. Since beginning her career as a law professor in 2004, Meredith has taught law school classes in writing and research, contracts, civil procedure, business o... view profile
A partnership is created when people pool resources and join together in business. There are several types of partnership agreements: In a general partnership, all partners manage the business and are personally liable for its debts. In limited partnerships, partners' liability is limited and they have no voice in decision-making. In a limited liability partnership (LLP), all partners have some degree of limited liability. In a limited liability company (LLC), a shareholder is not personally liable for any of the debts of the company, other than for the money they invested in that company. An attorney experienced with partnership agreements will help you decide whether a partnership is a good idea for your business, and which type of agreement would be best for you. Partnership lawyers will also make sure your partnership agreement accurately describes each partner's rights and responsibilities.