Ilana Sable is a partner at The Internicola Law Firm, PC, a business and franchise law firm specializing in the representation of entreprenurs, franchisors and established businesses. Ms. Sable specializes in partnership dispute litigation and gen...
Practice areas & skills: Partnership, Litigation, Franchising, Business
Practice areas & skills: Partnership, Business, Intellectual Property, Litigation, Probate
Review: “Great lawyer to work with. He explains everything in terms that all people can understand, and is incredibly knowledgable in his field. His rates are affordable, not to mention by using him as our attorney our company sav...
Practice areas & skills: Partnership, Business, Corporate & Incorporation, Debt Collection, Foreclosure
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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.