Denver, Colorado Business Partnership Lawyers
Business partnership law includes various nuances that can incur costly litigation if not dealt with early. This can include disagreements among partners, fiduciary violations, personal liability issues, drafting partnership agreements, and resolving misappropriation of partnership assets. To avoid liability, business partners should make sure that they have at least a working knowledge of the laws that impact everyday operations.
Watson & Associates are Colorado business partnership lawyers that understand the day-to-day and legal issues that can arise. The law firm frequently helps clients to navigate through the various nuances. The law firm’s attorneys litigate partnership disputes in Colorado court. Our goal is to resolve our client’s disputes and concerns in a cost-effective manner. We handle every case as though it were going to trial.
In our Denver metro law office, our business partnership lawyers help corporations in various industry groups to develop proactive practices that balance day-to-day goals but still considering the legal obligations of each partner.
Business Partnership Law Services
- Drafting Services
- Consulting as to Your Rights in a Partnership
- Disputes and Litigation
- Breach of fiduciary disputes
- Outside counsel services
- Personal liability matters
- Business partnership agreements and limited liability partnership agreements
- Subcontractor agreements
- Consulting on day-to-day operations
- Litigation services
To speak with our business partnership lawyers, call 1-866-601-5518 for a FREE initial consultation.
Importance of Having a Business Partnership Agreement
In its most basic form, a business partnership agreement will give you a firm understanding of your relationship that you have with your partners.
By writing a limited partnership agreement in conjunction with your business partners, you will be able to make an agreement that suits all of your needs.
The business partnership agreement will spell out how profits will be divided amongst the partners, the rights and responsibilities of the partners, the procedures to take when a partner leaves the business, and many other important rules and guidelines.
Take Proactive Measures
When a dispute arises, you want to understand your rights and take appropriate action before things get out of hand. If you and your business partners do not have a business partnership agreement in place before you start doing business, you may not be able to handle the problems that will inevitably arise. Our firm helps by:
- Educating partners about their responsibilities;
- Developing effective partnership and business contracts;
- Providing legal advice and authority and obligations to the company; and
- Offering protections against personal liability.
Read more relevant information about limited partnerships and general partnerships.
Find out more about breach of contract remedies.
Avoid Default to Colorado Partnership Laws
Without a limited partnership agreement in place, even minor disputes could escalate into major problems that could end in costly litigation or even up dissolving your partnership.
As a practical matter, if you do not have a business partnership agreement in place, you may become subject to the default rules of Colorado business partnership law.
- Colorado statutes many not provide the remedy that you would hope for.
Colorado business partnership law requires a default to state law without an agreement in place – this default statute is known as “The Uniform Partnership Act,” or as in the case of Colorado “The Revised Uniform Partnership Act.” These laws will spell out the basic legal rules and regulations that apply to business partnership law and will be the controlling laws unless you have a partnership agreement in place that supersedes these default rules. If you are in a situation where there is a dispute, our Colorado business partnership lawyers and attorneys can advise and represent you if litigation arises.
- Our goal is to minimize the impact from litigation cost by developing a strong case up front.
We represent partnerships in Vail, Colorado Springs, Greeley, Fort Collins, Denver metro to include Cherry Creek, Littleton, Thornton, Broomfield, Commerce City, Aurora, Parker and East Denver areas.
Call Our Denver Colorado Business Partnership Lawyers
To avoid litigation costs to your Colorado business partnership, contact the Denver corporate lawyers at Watson & Associates, LLC to draft your partnership agreement or litigate your dispute. Call 1866-601-5518 for a FREE initial consultation.