In This Issue:
- Distinguishing Between Non-Competition Agreements in Employment Agreements and Those in the Sale of a Business...Page 1
- Advantages and Disadvantages of a Partnership...Page 3
- Excerpt from Advantages and Disadvantages of a Partnership:
Prior to the statutory creation of corporations, limited liability companies and limited partnerships, a partnership was a commonly employed business entity. As a result of parties seeking to limit their liability, most entities created today employ one of the foregoing statutorily created entities. Yet, partnerships still frequently appear, whether created prior to the statutory changes or implied on the basis of the parties’ activities. Although partnerships are often overlooked, this entity offers advantages and disadvantages, particularly when working jointly with third parties.
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