Dental Partnership Agreement: How to Start a Dental Partnership

If you are a dentist who is in business with another dentist, you may want to form a dental partnership agreement to keep track of your expenses and income. While you can choose to form various entities to form your practice, two dental partners often choose this type of set-up to make things easy.

You can learn more bout a dental partnership agreement and how to establish it by contacting me at sam@mollaeilaw.com for further details. I will do all that I can to assist you in forming and establishing your dental practice.

The information below will give you further details on how this type of business formation works for dental partners. 

 

How Does a Dental Partnership Agreement Protect My Interests?

You can weigh the benefits and drawbacks of establishing a dental partnership agreement. I can help. To understand how and why a dental partnership may be right for you, you will need to define it first.

A dental partnership is formed when two or more dentists serve as co-owners.

How to Start a Company (5 Practical Steps) (2020)

If you want to know how to start a company, you need to speak to a business attorney, like myself, and learn some of the basics of establishing a business. You really cannot start a company without advice from an experienced business attorney. You can reach me by email at sam@mollaeilaw.com to set up an appointment and seek further advice. 

 

Why You Need Legal Help if You Want to Know How to Start a Company

By using the services of an experienced and knowledgeable business attorney, you can get your questions answered and find out how to start a company that will succeed. For example, you can opt to operate in business by forming one of the following entities:

  • A Sole Proprietorship
  • A Partnership
  • A Limited Liability Company (LLC)
  • A Corporation
  • A Professional Corporation

I can assist you in determining which entity will be right for you. Read the following information to give you a general idea about beginning a business first.

Partnership Dissolution Agreement

Partnership Dissolution Agreement

A business partnership is like a marriage. When things go well it can make your life so much better, but when it’s time to end you’ll be wishing you had a prenup.

Having a partnership dissolution agreement in place in the partnership agreement or written during the dissolution of a partnership does so much for you and your business.

Not only does it protect you from liability, it affects your future credit score and keeps your personal and business assets safe.

Still, what is a partnership dissolution agreement?

How do you write a partnership dissolution agreement?

Can you dissolve a partnership without one?

I’ll answer these questions and more in the article below.

Contact me today at sam@mollaeilaw.com with any other questions you have about how to write and use a partnership dissolution agreement to protect you and your business.

 

What is Partnership Dissolution?

A Partnership Dissolution happens when a partner leaves the business, thus ending the partnership.

There are a lot of reasons where a partner might voluntarily leave the business,

What Are The Types of Companies

Types of Companies
What are the Types of Companies?

There is a wealth of decisions that go into forming a business in the United States. Arguably one of the most crucial in relation to taxation is the legal structure of your new business.

In addition to taxes, this decision plays a role in how much paperwork you end up dealing with and your ow n personal liability in the company. It even factors into how you can raise money on your company’s behalf.

The most well-known legal structures for a business include sole proprietorship, partnership, corporation, S corporation, and LLC. Limited liability partnership (LLP) is a newer development in the business world.

Fortunately, you do have the option of kicking off your business as a sole proprietorship and reorganizing your structure if you decide to take on partners. So, it isn’t set in stone.

Just make sure you notify the IRS if you make changes in the structure of your business.

Whether this is your first business venture, or you have rode this rodeo before, I highly recommend reaching out to an experienced business lawyer such as myself at sam@mollaeilaw.com.

Which Legal Structure Is Right for Your Startup?

The first and most important step is to determine which legal structure is suitable for your business needs. A startup’s business plan may change over time, and an owner should be prepared for all possible risks and liabilities the business may incur going forward.