A partnership agreement is a contract between two or more partners in a business venture. The purpose of the agreement is to define the terms and conditions of the relationship between the partners.

The cross-cultural partnership template is designed to help potential collaborators to reach understanding and agreement on the terms of their collaboration. In many contexts people look to the law to ...

A partnership must have two or more owners who share in the profits and losses of a business. Partnerships can form automatically without the submission of formation documents. All partnerships should ...

PIP (partners' interests in the partnership) allocations are very commonly used in partnership agreements. 1 For this reason, Investors and managers should understand the basics of PIP allocations and ...

Imagine you own 50% of your business. You started it 10 years ago but never formalized anything, and one of the partners has a health scare. This health scare potentially threatens your ...

Venom. Ill will. Backstabbing. Vindictiveness. Mistrust. Betrayal. These are some of the most negative aspects of human interaction. And they are present in nearly every manufacturing organization ...

Over the years, we have written in this column that law firm partners and law firms should have written partnership agreements, and that such agreements should address the firm's major life events.

Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas' experience gives him expertise in a ...

While the governance structure of an accounting firm has little immediate client-facing impact, a firm must be well-governed to retain its people and provide consistent, high-quality client service.