A team of experienced business lawyers can make sure that you get an agreement that’s perfectly suited to your particular New Jersey company’s needs. You need to build your long-term partnership relationships on solid foundations. What’s even more important for you to remember is that the key to the successful solution of all potential partnership disputes is spelled out in the initial agreement.
New Jersey Business Lawyers DiFrancia & DeDona P.C. have experience helping business owners select the right entity for their needs. This includes forming partnerships of all types and sizes, as well as the accompanying documents.
Determining if a Partnership is Right for Your Business
When determining what type of partnership entity is right for your business, there are several considerations. For one, tax consequences should be a major concern. How do you intend to handle profits and losses? What about prospective liabilities? You should also know that under New Jersey law, there are three types of partnerships:
- Limited Liability Partnerships (LLPs)
- Limited Partnerships
- General Partnerships