Request a Consultation

Proper Legal Planning For Business Partnerships

Having another individual willing to split the work and the reward can often be mutually beneficial to both parties.  However, that’s only when all the parties agree with each other.  When people disagree, then it becomes monumentally harder to get things done, and often becomes a source of litigation and many times destroyed relationships.

Planning Now Can Preserve Relationships

Much like the aversion to buying insurance because you are planning for disaster, people don’t like to plan for if a partnership goes wrong. Putting together expectations, responsibilities, and a peaceful parting are all key to be able to work with a business partner, and if there comes a time when the partnership is not viable, then you have a road map and understanding among the partners when they part ways. A small amount of planning now can potentially prevent misunderstandings and prolonged litigation.

The Law Offices of Marc J. Miles P.A. can provide legal counsel and advice for business partnerships. A small amount of planning now can help you avoid the pitfalls and allow you to reap the benefits a successful partnership can provide.

Skip to content