A partnership is a common-law form of business for two or more people. It arises automatically, without the business partners having to file any paperwork with the secretary of state, whenever the ...

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 ...

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.

Does your law firm have a signed partnership agreement among the partners ? Many law firms do not. Despite the fact that attorneys routinely advise their clients to "get it in writing," many lawyers ...

Graham Hutton highlights the importance of an up-to-date partnership agreement when transitioning from NHS to private or ...

Whenever more than one person enters into business together, a partnership is formed. In the best-case scenario, a partnership agreement is drafted and the rules of the partnership are expressed to ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. A partnership agreement (or operating agreement, in the ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. Federal tax law treats partnerships as conduits for tax ...