Partnership Agreements: Rules on Voting, Admission of New Partners, and Management | Ryan C. Young | Richmond Attorney

Ryan C. Young, Esq.
Partnership Agreements: Rules on Voting, Admission of New Partners, and Management | Ryan C. Young | Richmond Attorney
Partnership Agreements Those who own a business, with at least one other person and have not fashioned the business as a limited liability company (LLC), a corporation (Inc.) or another kind of business, have a partnership. Although partnerships do not require a written agreement, one is usually recommended. Otherwise, the state law determines the rights and obligations of each partner.... Read More

Partnership Agreements | Ryan C. Young | Small Business Law | Richmond, Virginia

Ryan C. Young, Esq.
Partnership Agreements | Ryan C. Young | Small Business Law | Richmond, Virginia
What should a partnership agreement cover?  “An ounce of prevention is worth a pound of cure.” – Benjamin Franklin Whether a general partnership, limited partnership or joint venture, all business partnerships will one day come to an end. It’s an unfortunate fact, many partnerships come to an end and the partners disagree on winding up business. Often times, there are... Read More