Legal Question in Business Law in Georgia
when a new partner is admitted to a pre existing partnership, the new partner has:
3 Answers from Attorneys
Whatever the partnership agreement dictates.
If you would like to discuss any issues further, please feel free to contact my office. The link to my contact information is below. Thank you.
The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
It looks like you stopped in mid-sentence. What is your question?
As a Franchise Attorney I can say the following. The new partner has all the rights and duties as specified in the partnership agreement. Typically, before a new partner is admitted, the consent of the other partners is required. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
Related Questions & Answers
-
Can an immigrant and citizen start a restaurant business together and the immigrant... Asked 4/22/11, 12:43 pm in United States Georgia Business Law
-
I signed a non-compete form 7 years ago(state of georgia) and since have heard the... Asked 4/18/11, 11:39 am in United States Georgia Business Law
-
Is it ok to state what kind of insurance an employer offers to nonemployees in a... Asked 4/18/11, 11:03 am in United States Georgia Business Law