Many people dream of going into business with friends. The Partnership Book shows how to turn that dream into a sound partnership agreement.
The book thoroughly explains the legal and practical issues involved in forming a partnership. In plain English, it covers:
* partnerships compared to other business forms
* the financial and tax liability of partners
* contributions of cash, property and services
* what happens if a partner wants out
* how to value partnership assets
* admitting new partners
* buying out a partner's interest
* death of a partner
* limited partnerships
* and much more
In print for over 20 years, the 6th edition of The Partnership Book is totally revised and updated to reflect the law and realities of today's business world. All the forms for creating a partnership agreement are provided as tear-outs and on CD-ROM.
Denis Clifford, a graduate of Columbia Law School, where he was an editor of The Law Review, is a lawyer who specializes in estate planning. He is the author of many Nolo titles, including Plan Your Estate, Make Your Own Living Trust and Nolo's Will Book. He has been interviewed by such major media as The New York Times, Los Angeles Times and Money.
Ralph Warner is a co-founder of Nolo and one of the pioneers of the self-help law movement. A graduate of Princeton University and the Boalt School of Law (U.C. Berkeley), he is the author of many books and articles aimed at making our legal system more accessible and democratic.