Over the course of the years, Manners Associates, LLP has evolved into a boutique firm in the areas of private equity, leveraged buyouts, corporate reorganizations, corporate... more
Over the course of the years, Manners Associates, LLP has evolved into a boutique firm in the areas of private equity, leveraged buyouts, corporate reorganizations, corporate restructuring, private placements and in the complex negotiations necessary to bring a deal from the planning and idea stage to actual closing. Furthermore,Manners Associates, LLPhas expanded and built a succ... 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.