For any business, the best time to resolve a dispute is before one has the opportunity to develop. If you are establishing a small business as a partnership, it is important to have an effective operating agreement in place to establish the rights and responsibilities of each partner in the business. An experienced business law attorney can help you create a partnership agreement that provides the protection you and your business need.
Partnerships give each partner in a business a significant amount of freedom when structuring their respective rights and responsibilities. It is also important to establish the respective obligations of each partner and incorporate these terms into the partnership agreement. By clearly establishing the rights and responsibilities of each partner in a business, it is possible to minimize any disputes that will arise and plan to handle those disputes that do arise.
If you are considering setting up a business partnership and need legal advice, contact an experienced business attorney for a consultation.