Develop a Limited Business partnership Agreement That Saves Thousands in Litigation
Establishing a Colorado limited partnership for your business carries a lot of responsibility and requires a working knowledge of the laws and regulations that apply to partnership agreement. 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 limited business partnership agreement in place before you start doing business, you may not be able to handle the problems that will inevitably arise.
Watson & Associates are Colorado business partnership law lawyers that understand the day-to-day and legal issues that can arise. We 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.
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.
Business Partnership 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
Speak with an limited partnership attorney - Call 1-866-601-5518.
Get the Benefit of 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.
Default business partnership law requires default 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 law attorneys can advise and represent you if litigation arises. Our goal is to minimize the impact an cost by developing a strong case up front.
Call Our Denver Colorado Business Partnership Lawyers For a Free Initial Consultation - 1-866-601-5518.
If you are operating a Colorado business partnership, contact the Denver lawyers at Watson & Associates, LLC to draft your partnership agreement. Call 720-941-7200.