Internet Law and Business Blog

A partnership is created when two or more persons jointly own and operate a business. Although a written partnership agreement is often used, sometimes partnerships are created through conduct or by verbal agreement instead of with a contract between the partners.
When people refer to a partnership, they usually mean a general partnership. General partners [...]

A buy-sell agreement, also known as a buy-and-sell agreement, allows business owners to make arrangements by contract for surviving owners to buy out the interest of a co-owner who dies or decides to leave the company. Whether your business operates as a partnership, a corporation, or a limited liability company, a buy-sell agreement can help [...]

A joint venture (JV) is a partnership formed by two or more persons or business entities (such as corporations or limited liability companies) for the purpose of completing a single project. JV partners share profits and losses and each partner has some control in how the project is accomplished.
Joint ventures benefit partners when each adds [...]