Review: “Lary worked with us on my mother's estate. When she moved out here, we met with Larry and she left so pleased that he was patient with her and she understood what he was saying. It meant so much to both of us!”
Practice areas & skills: Family, Business, Bankruptcy & Debt, Wills & Living Wills, Civil Rights
Review: “Mr. Gefsky was a pleasure to work with. I was purchasing a home and he took care of all the paperwork I required in a timely manner. He answered all of my questions immediately and instructed me about all the pros and c...
Practice areas & skills: Business, Commercial, Real Estate
Review: “Attorney William Otto is a very patient, knowledgeable, and responsive lawyer. He is always prepared to help in any way he can. He knows his area of expertise and this is evident when you call on him to help with a situ...
Practice areas & skills: Debt & Lending Agreements, Real Estate, Construction & Development, Business, Corporate & Incorporation
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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.