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While it's not a must, having a lawyer help you out can save you from headaches down the road and ensures everything's above board.
When a partner decides to jump ship, the agreement should have a plan for that—like how to handle their share and what steps to take.
It can last as long as the partners want, but it’s a good idea to put an end date or conditions for winding it up in the agreement.
Sure thing! In Delaware, the general partner can be an individual or a corporation, giving you flexibility.
Delaware's got a friendly business climate, with laws that favor partnerships, making it a go-to for many businesses.
You usually have at least one general partner who runs the show, and one or more limited partners who invest but don’t get involved in management.
It's basically a contract that outlines how a partnership operates, including the roles of general and limited partners.
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