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In business partnerships, disputes can arise from various sources—financial disagreements, divergent goals, or unclear role expectations. When conflicts escalate, it may seem like litigation is the only option. However, litigation can be time-consuming, costly, and often brings unwanted publicity that could harm the...
Choosing the right business structure is a pivotal decision for any law firm. Both Professional Corporations (PCs) and Partnerships offer unique advantages and limitations, from liability protection and tax treatment to management style and growth opportunities. This blog, drawing on insights shared by Tamara...
In partnerships, unexpected exits can disrupt a firm’s stability, both financially and operationally. Without proper planning, the departure of a partner can lead to complications in client relations, firm management, and even reputation. This blog, featuring insights from Tamara B. Pow – Founding...
In law firm partnerships, 50/50 ownership is often attractive for its sense of balance and shared investment. However, equal ownership can bring significant challenges that may hinder growth and heighten the risk of conflict. These partnerships frequently encounter deadlock, strained relationships, and operational inefficiencies—all...
Whether starting a new company, planning for succession, or managing ownership transfers, a buy-sell agreement is a key legal instrument. Every business owner should understand how the agreement operates, as it is a fundamental component of business law that protects the interests of both...
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