Forming a Partnership : And Making It Work

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McGraw-Hill Companies,Incorporated, Feb 8, 2007 - Business & Economics - 320 pages

Making Partnerships Work

Most partnership books focus on the technical aspects of "how to." The more important question is "how do." How do I make this succeed? Experienced corporate attorney Ira Nottonson covers both areas by exploring real-life examples that have generated success or failure in numerous partnership situations. Nottonson offers you a complete do-it-yourself guide to forming a partnership as well as the critical information necessary to navigate the various partnership relationships and make them work.

Nottonson covers:

  • Putting the partnership together
  • Bringing a partner into a new or existing venture
  • Smart strategies for dividing responsibilities and profits
  • Joint ventures, implicit partnerships, investors and family
  • Building a decision protocol
  • Cash flow for growth and profit

Give yourself a business advantage as Nottonson takes you step by step through the legal and personal issues of forming a partnership.

Critical Checklists and Sample Contracts on CD-ROM!

Sample documents include:

  • General Partnership Agreement
  • Partner Ledger
  • Minutes of Partnerships Meeting Form
  • Action of Written Consent of Partners
  • Summary of the Uniform Partnership Act
  • State of Delaware Certificate of Limited Partnership

Plus critical checklists for:

  • Analysis of Partnership
  • Developing a Partnership
  • Reviewing Cash Flow
  • Protecting Proprietary Information
  • Arbitration and Mediation
  • Building a Decision Protocol
  • Bringing in New Partners
  • Family Partnerships
  • Attracting Investors
  • And more!

For more than 28 years, Entrepreneur has provided the most trusted business advice available to business owners. Our legal guides continue that tradition by offering current and cost-effective legal information so you can resolve the business and legal issues you face on a daily basis. We'll also strive to help you identify when it's in your best interest to seek the personalized advice and services of a practicing lawyer.

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About the author (2007)

Ira N. Nottonson is a Law Review graduate of Boston College Law School. His consulting practice specializes in startups and the buying, selling, valuation and reconstruction of small businesses. HE has acted in different capacities for many companies including CEO, COO and chief legal counsel. Past clients include International House of Pancakes, Orange Julius of America, House of Pies and PIP Printing. Nottonson has also owned five different businesses.

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