Recent Answers to Business Partnership Law Questions
Who manages a general partnership?
Partnership
Business Partnership
Maryland
I am currently in a general partnership with another individual to run a business. While we share equal ownership and responsibility for the business, I am unsure of who has the authority to make management decisions on behalf of the partnership. I would like to seek the guidance of a lawyer to better understand the management structure of a general partnership and ensure that our business is being managed correctly.
O.T. W.
Your operating agreement should detail who has what responsibilities between the two of you, and it should establish checks and balances for each of your roles.
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