Michael J. Sheppeard
Partner
212-784-6939 msheppeard@sh-law.com
Partnerships
Scarinci Hollenbeck’s attorneys stand ready and able to assist you with your partnership needs.
Key Contacts
Partnerships
Our Approach
A partnership is an association of two or more individuals or entities through which any business, financial operation, or venture is carried on. The partnership is an entity separate from its partners. There are generally three types of partnership: General Partnerships, Limited Partnerships, and Limited Liability Partnerships. The differences among these are significant. Partnerships are governed by state law pursuant to the Uniform Partnership Act.
The partnership is formed by filing a Certificate of Partnership with the Secretary of State. It is recommended that the partners agree in writing to the terms of the partnership in the event of a dispute. A partnership agreement is a document that formalizes the relations among the partners.
A Well-Drafted Partnership Agreement Will
- state the purpose of the partnership;
- determine how the profits and losses are allocated;
- state if and when additional capital contributions must be made;
- set forth the rights, powers, and duties of each partner; and
- require partners to maintain the confidentiality of all of its customers and other business records. Also, partnership agreement language will govern whether the partnership possesses the requisite characteristics to be taxed as a partnership.
FAQ
Different kinds of legal matters require attention from specialized areas of law. You can discover the firm`s practice groups or click here.or if you have no idea where to begin, call 201-806-3364, email info@sh-law.com or click here.
The firm`s core practices include:
The firm has several office locations includingNew York, NYLittle Falls, NJRed Bank, NJ
It depends on the nature of the matter. Scarinci Hollenbeck, LLC represents clients around the world.
We service our clients in a large variety of matters. In areas such as Intellectual Property,
including trademark, copyright, or patent-related matters, we can service these requests regardless
of where our clients are based. However, we predominantly handle legal matters whose jurisdiction
is New Jersey, New York, the tri-state metropolitan area, and Washington, D.C. We also have attorneys
who are licensed to practice in Connecticut, Florida, Massachusetts, Pennsylvania, and other states.
We recommend calling one of our dedicated staff members who can help identify if we have an attorney at
the firm that can assist you. Feel free to reach out to us at 201-806-3364.
Scarinci Hollenbeck, LLC routinely serves business owners, corporate entities, leaders, and operators
of small businesses and Fortune 500 companies alike.
We are a general practice law firm that services businesses, corporations, and entities.
We typically only represent people who own and operate these organizations. However, you are free to call
our business development group at 201-806-3364 or email us at
info@sh-law.com A member of our group can direct you to an
attorney in our firm that may be able to assist.
SCUH-RIN-SEE HALL-EN-BEK
OUR commitment to excellence, combined with our mission to deliver outstanding client service, has earned our firm a solid reputation.
Scarinci Hollenbeck is a business law firm based in New Jersey, New York, and Washington, D.C servicing clients worldwide.
If you have a legal need that is not mentioned, please contact us to discuss how we may help you.
Contact us today to learn more about how we can assist you.
Practice Area Attorneys
Read more about this practice in our library
Open libraryWhat Is a Partnership in Business? Key Facts and Types Explained
Christopher D. Warren
Partnership Dissolution: Steps, Legal Requirements, and Best Practices
Christopher D. Warren
Breaking Ties: The Essentials of the Dissolution of a Business Partnership
Christopher D. Warren
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Why Choose Us?
Dedicated attorneys
At Scarinci Hollenbeck, our attorneys are forward-thinking professionals dedicated to the ongoing enhancement of their legal expertise. They stay informed of legal developments, engage in professional bar associations, contribute to legislative initiatives, and actively engage in speaking opportunities—all to provide the highest quality service possible.
Strategic Counsel
In today's dynamic economy, businesses face complex challenges. We understand that these challenges require innovative, multi-faceted solutions. Through a collaborative, cross-practice approach, our attorneys leverage a wealth of experience across various legal disciplines to devise effective strategies tailored to meet our clients’ needs.
Proven Experience
For over 35 years, Scarinci Hollenbeck has offered comprehensive legal services to businesses both locally and globally. Our attorneys draw on extensive industry knowledge, representing clients in sectors such as real estate, entertainment, technology, and energy. We take pride in the successful outcomes we consistently achieve.
Client-First Focus
Our commitment to being a client-first law firm is rooted in open communication, meticulous attention to detail, and adaptability. We work closely with clients to ensure a transparent process, earning their trust through comprehensive guidance. This steadfast commitment is why clients continue to rely on us for their most complex legal challenges.
