Partnership Disputes

Paper Summary:

Examines nature and types of business partnerships, disputes and dissolution, selection of partners, agreements, advantages and disadvantages, majority/minority owner rights, inheritance, valuation and court cases.

Each of these organizational forms has different and important implications for liability, taxation, and succession. Further, with respect to both the partnership and corporation business forms, there exist sub-forms of business organization.

From the Paper:

"PARTNERSHIP DISPUTES

Part I - Subject
From a legal perspective, there are three common types of business organizational forms: sole proprietorship, partnership and corporation. Each of these organizational forms has different and important implications for liability, taxation, and succession. Further, with respect to both the partnership and corporation business forms, there exist sub-forms of business organization.

With respect to both the partnership and corporate forms of business organization, there exist a number of areas that may lead to disputes among the owners of the business entity. Such disputes can be especially contentious in business entities organized as partnerships, as lower levels of legal formality is required to form and ..."

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