Partnership
The Kabak Law Group has significant experience determining and implementing the ideal entity for a wide range of businesses. We take the time to get to know our clients' short and long term business goals, financial situation, concerns about personal asset protection, and more. Then we devise the form of entity best-suited to addressing their concerns and meeting their needs. One such entity is the Partnership.
In a general partnership, all parties agree to share any profits and/or losses, as well as any potential legal liability. In a limited partnership, one--or perhaps more--of the partners is not involved in business operations but provides capital and is entitled to share profits (or losses). An important difference between a partnership and a corporation or limited liability company is that every partner is responsible for debts, liabilities and losses.
The experienced San Francisco business lawyers at Kabak Law Group can determine whether a partnership is the proper choice for your prospective business, and whether you should choose a general partnership or limited partnership to accomplish your goals.
