Thomas R. Fazio graduated from Syracuse University and earned his Juris Doctorate from City University of New York. He became a member of the New York State Bar in 1986. In 1996, Mr.... more
Thomas R. Fazio graduated from Syracuse University and earned his Juris Doctorate from City University of New York. He became a member of the New York State Bar in 1986. In 1996, Mr. Fazio began his own law practice serving corporations and small businesses in New York State. During the last nine years, he has also served as in-house counsel for secured commercial lenders with annual revenues i... 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.
Partnership Attorneys in cities near Cambria Heights, NY