Starting a business is an exciting time for the partners involved. A crucial — and sometimes overlooked — step for any successful new venture is having smart, unambiguous partnership agreements.

At West, Longenbaugh and Zickerman P.L.L.C. in Tucson, Arizona, our business attorneys have decades of experience helping new businesses. We help partners write agreements that can be the basis for sustainable success.

What's In A Good Partnership Agreement?

When drafting an agreement with your partner or partners, it is important to consider future scenarios — even if they seem improbable.

The challenge for many new businesses is that the partners do not have business experience and lack the ability to anticipate future events. Smart partnership agreements — and experienced business lawyers — can help you. Here are a few examples of what partnership agreements can address:

  • How will disputes be resolved?
  • What happens in case of the death of a partner?
  • How is the partnership protected if a partner goes through a divorce?
  • How are decisions made?
  • What are the ownership percentages?
  • Who is responsible for day-to-day operations?
  • How are profits and losses distributed?

Negotiating a partnership agreement can be tricky and can spark conflict at time when a new enterprise is fragile. But it doesn't have to be that way.

At West, Longenbaugh and Zickerman P.L.L.C., our lawyers know how help you think about current and future needs and incorporate those considerations into your agreement.

Put Your Mind At Ease

Our Arizona business planning attorneys know what it takes to craft effective partnership agreements. You can contact our Tucson office via our website or call us at 520-518-3781.