Category Archives: Partnerships

Does your business need a power of attorney?

As a business person, you may have seen the term “durable power of attorney” in several situations. Power of attorney is a strange term because it’s not immediately clear what powers an attorney for the business may have. Some business persons may need a power of attorney while others can get by without one. But which type of business would it benefit the most? Here, we’ll look at what types of power of attorney exist and what…

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What is a limited partnership agreement?

As an entrepreneur, you may be familiar with limited liability companies (LLCs). They allow you to protect your personal assets from potential legal liabilities in your business. Once you try to raise venture capital for your business, you may hear the term limited partnership (LP).

Limited partnerships are often used by private equity and venture capital…

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