Washington DC Business Partnership Attorneys
A Washington DC partnership agreement attorneys you can trust in an invaluable resource for your business. At Antonoplos & Associates, we have provided legal services for over twenty years to a wide range of businesses and are ready to assist your business achieve your goals and objectives.
Why Every Partnership Needs A Partnership Law Attorney?
Most business partnerships face partnership-related legal decisions on a daily basis. As the owner of a business partnership, this should be no surprise. However, when polled most business partnership lawyers don’t have a trusted partnership attorney to represent their partnership in business law matters. When asked why?
Most partnerships responded that they thought that partnership law attorneys would be too expensive for the needs of a small partnership. As a result, it appears that business partnerships only hire a business lawyer when serious legal issues come up.
At Antonoplos & Associates, we don’t’ think you need a partnership lawyer for every decision you make, however, good legal help is can be an invaluable resource to your partnership and for many business partnerships it is simply part of the cost of doing good business. For many business partnerships consulting with a partnership attorney before making a major business decision can even help save your partnership money.
Below, you will find more information on how a Washington DC partnership lawyer can help your business partnership and a few of the situations we believe that you can handle on your own. For more information, contact Antonoplos & Associates today about questions regarding your small business and starting a dialogue with Antonoplos & Associates.
Partnership Issues That Don’t Require a Partnership Lawyer
For most business partnership owners day to day business decisions don’t require help from your partnership attorney. Some decisions are straightforward.
Some of the more frequent business decisions that don’t require a business law firm include:
- Applying for business permits
- Documenting LLC meetings
- Submitting your IRS forms
- Creating and reserving a domain name for your business’ website
- Researching and choosing the name of your company
- Hiring independent contractors
While the list above is not exhaustive, we have tried to give you a sampling of the types of decisions that we believe every business owner is capable of making. In contrast, there are other times when you should hire a business lawyer to represent your business.
When Should You Retain A Partnership Attorney
If you find that you are facing business partnership legal problems you can’t handle or feel or don’t understand then it may be a good idea to hire a Washington D.C. partnership lawyer. At Antonoplos & Associates, our business partnership lawyers are dedicated to the goals and objectives of our clients and making them a reality. At the intersection of business and law our partnership attorneys are focused on representing the legal needs of Partnerships, Limited Liability Companies, Small Business, C-Corps, S-Corps and B-Corps, Startups, Nonprofit Organizations and Publicly Traded Companies interests in the Washington, D.C. metro area and around the country. From formation to governance, to dispute resolution our business lawyers have the breath of experience to assist our clients in a wide spectrum of business matters.Our Business Law Practice Focuses On:
- Business & Corporate Litigation
- Business Succession Planning
- Business Start Ups & Entrepreneurship
- Business & Corporate Transactions
- Corporations, Partnerships & Businesses: Formation and Governance
- Business Valuation & Disputes
- Non Profit Organizations
- Microfinance, Regulation D, Private Placements & Offering Documents
- Mechanics Liens & Priority of Interest Issues
What Is A Partnership Agreement?
A Partnership Agreement is a contract between partners in a partnership that sets out the terms and conditions under which a partnership is governed. A partnership agreement should set out the relationship between the partners, including the percentages of ownership of each partner in the partnership. The partnership agreement should also specify how profits and losses are allocated among the partners, as well as the allocation of taxes among the partners.
A well-drafted partnership agreement should specify the roles of the partners in the operation of the partnership. Issues like control, the duties of the partners, and management should be clearly stated in the partnership agreement.
Likewise, the agreement should specify how disputes among the partners should be handled and what provisions the partners have made to resolve partnership disputes. In addition, the partnership agreement should make clear who can contractually bind the partnership and what if any liability the partners have.
Finally, a partnership agreement should specify what happens in the event of the death of one of the partners in the partnership. A partnership agreement should set out how the procedures for the dissolution of the partnership and winding up the affairs of the partnership and how to resolve conflict or deadlock among the partners.
For more information on partnership agreements and partnership law please contact Antonoplos & Associates at 202-803-5676 or directly schedule a consultation with one of our attorneys. For general information on business law and partnership agreements, check out our blog.
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