Business partnerships, while exciting, should always be entered into with thorough consideration and frameworks structured to protect both parties, or more where applicable. All partnerships will involve shared responsibilities, benefits and risks. You must be aware of these and your own personal rights from the beginning.
Melbourne Partnership Lawyers
Hughes Legal are legal experts in business structuring and asset protection. We work daily with clients establishing partnerships to ensure their agreements are fair, they understand their rights and responsibilities, and their best interests are protected through their legally binding partnership Deed.
Working within the Partnership Act’s legal framework, we can consult, advise and draft necessary documents, including the business name registration, and partnership Deed, which clearly states each partners obligations and rights. While it is possible to form a partnership verbally, it’s not advised. This leaves everyone open to risk. It’s recommended that both parties take the time from the start to think about the roles they want to play and construct a Deed that refects an agreement that all parties agree on.
Contact Hughes Legal Partnership Lawyers
If you want to enter a partnership and ensure you’re structured for success, Hughes Legal can help. We understand that no two businesses are the same, and we work with each client to design their business structure around their longterm goals.
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PLEASE CONTACT OUR OFFICE ON (03) 9375 4226
Contact us if you have any queries or would like more information