A general partnership can be formed by two or more people doing business together. While it does not require an agreement to be in place, it is recommended that anyone operating as a general partnership have a partnership agreement. Such an agreement will control how the partnership is operated, how debts and assets are managed, decision-making, etc. Income, losses, and the like in a general partnership pass through in proportion to each partner’s ownership. There is no limited liability in a general partnership and the partners are subject to personal liability for all obligations of the partnership, regardless of their percentage of ownership. A business lawyer in Monroe, NC can help you through the process if you are looking to form a general partnership. Contact us now for help.
CALL NOW: 704-289-2519
With over 110 years of combined legal experience, you can trust your case with us.
Business LawLearn More
A business requires legal representation from beginning to end. A smart business owner realizes the significance of realistic and educated experience when dealing with every aspect of business law.
Civil LitigationLearn More
Our North Carolina civil litigation attorneys are strong and effective advocates for our clients. We have deep experience handling complex civil matters - representing individuals, families, companies, property owners, and other entities.
Family LawLearn More
Instead of hiring someone who does family law on the side, look for an attorney with substantial experience in this area. To help you identify whether we are the right lawyer for you...
Personal Injury / Wrongful DeathLearn More
Personal Injury / Wrongful Death
When you or a loved one are injured or a loved one is killed due to the negligence of another individual, you may be facing tremendous financial burdens due to medical costs, lost wages, and other expenses.
Social Security DisabilityLearn More
Social Security Disability
If you are unable to work because of a physical or mental impairment, you may be entitled to receive social security disability benefits. The process of obtaining social security disability benefits can be complex, time consuming and frustrating...
Estate PlanningLearn More
The last will and testament is one of the most important documents in estate planning. A will allows the person making the will (the testator) to name recipients of his or her property, to explain how property...
Probate and Estate AdministrationLearn More
Probate and Estate Administration
When a loved one passes away, their assets and debts must be dealt with according to law. The person who handles the Estate Administration (an administrator if the deceased died without a will...
Criminal LawLearn More
Anytime a person has been charged with a crime, it is a stressful situation. The criminal defense attorneys at Perry, Bundy, Plyler & Long, L.L.P. will provide counsel during this stressful time...
Traffic TicketsLearn More
Your first instinct might be to quickly pay the ticket and suffer the points added to your driving record. After all, traffic ticket lawyers charge for their services, and you may think it’ll cost more to hire one to fight your ticket than to simply admit guilt.
Real EstateLearn More
When involved in a real estate transaction, such as buying, selling or renting property, it is vital to have a thorough understanding of your rights and obligations, which can avoid any future problems...