Business Partnerships

It doesn’t matter whether your business partnership is traditional, operates through a trust, a company or a combination of them. We can create a partnership agreement which suits you.

A proper partnership agreement answers many questions, including the following:

• How much money do the partners need to put in at the start?
• If the business needs more money, what are the obligations of the partners?
• How much can a partner spend without telling the other partners?
• What is the policy about profit distribution?
• Will partners get a salary?
• How are business administration duties split up?
• What are the partners’ obligations to each other?
• What events will terminate the partnership?
• What happens if a partner wants to leave?
• What happens if a partner dies?

If the partners don't have a partnership agreement, some of the answers to these questions will be unpleasant surprises.

Call Clifton Legal Group for at not cost on (08) 6180 1959 to discuss your business partnership, and how we can protect it with a proper partnership agreement. You can also email us here.