President and Shareholder, Tom Nichols, discusses legal business structure considerations when going into business with a partner. Whether it is with one or more other individuals, the most important aspect is to choose your partners wisely. However, even then, it is still critical to back that up with legal documentation that fosters good faith cooperation and, if necessary, provides for termination of the relationship on terms that are fair and with as little contention and ill will as possible. Tom addresses common legal structures like, corporate governance, decision-making legal structures, hiring and firing, non-compete agreements and property ownership.
For more information on corporate business structures or business entity law, please contact Tom at tjn@mtfn.com or by calling (414) 273-1300.
