Partnership Lawyers Building Strong Business Partnerships in NSW
Starting a partnership in New South Wales or facing partnership challenges? At Corestone Lawyers in Sydney, we’re here to guide you through partnership law complexities and protect your interests.
Expert Legal Guidance for All Types of Partnerships
Our expert partnership lawyers in Sydney will help you choose the right structure:
- General Partnerships: Partners share unlimited liability
- Limited Partnerships: At least one general partner with unlimited liability and one or more limited partners
- Incorporated Limited Partnerships: Often used for venture capital
1st Consultation is Free
We offer a complimentary 15-minute phone consultation to discuss your legal situation. This no-obligation meeting allows us to understand your needs and outline how Corestone Lawyers can assist you. Take the first step towards resolving your legal matters – book your free consultation today.
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Consistently Rated 5-Star by Our Clients
We are Partnership Agreement Legal Experts
A clear agreement is crucial. We’ll help you draft one that covers:
- Profit and loss sharing
- Decision-making processes
- Partner roles and obligations
- Dispute resolution procedures
- Exit strategies
How Our Lawyers in NSW Help Your Partnership Succeed
Our partnership lawyers will:
- Structure Your Partnership: We'll help you choose the best type for your goals
- Draft and Review Agreements: We ensure your arrangement is thorough and legally binding
- Ensure Compliance: We guide you through registrations and legal obligations
- Resolve Disputes: We represent you in negotiations or legal proceedings if conflicts arise
- Manage Dissolution: When it's time to dissolve the partnership, we'll protect your interests
We Resolve Partnership Disputes
Common issues we handle include:
- Disagreements over profit distribution
- Conflicts in management decisions
- Breaches of partnership duties
- Property disputes
- Partner misconduct
We aim to find efficient solutions that preserve business relationships where possible.
We Help with Partnership Tax Matters
Partnerships have unique tax implications. We work with tax professionals to ensure your structure is tax-efficient and ATO-compliant.
Free 1st Consultation with a Lawyer
We'll Help You Understand the Partnership Act 1892 (NSW)
Our Services for Limited Partnerships
If you want to limit liability, our business and commercial lawyers can assist with:
- Profit and loss sharing
- Decision-making processes
- Partner roles and obligations
- Dispute resolution procedures
- Exit strategies
Speak to us Now or
Book a Free Consultation.
Call Now or
Book a Free Consultation.
We will call you within 24 hours.
Why Choose Corestone Lawyers for Your Partnership?
- Extensive experience in NSW partnership law
- Tailored advice for your specific business needs
- Fixed-fee services for cost certainty
- Clear communication and a client-focused approach
- Expertise in both transactions and dispute resolution
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Frequently Asked Questions
What's a partnership and how is it different from other business structures?
A partnership is when two or more parties run a business together, sharing profits and liabilities. Unlike companies, partnerships don’t need to be registered as separate legal entities in Australia. We can help you understand the pros and cons of different business structures.
How many partners do I need to form a partnership?
A partnership must have at least two partners. There’s usually no upper limit, except for some professions. We can provide specific guidance based on your situation and location.
What's the difference between general and limited partnerships?
In general partnerships, all partners share management and liabilities. Limited partnerships have general partners who manage the business and limited partners who invest but don’t manage. We can help you choose the right structure for your needs.
Do I need to register my partnership in Australia?
While partnerships don’t need to be registered as entities, you may need to register for tax purposes and get an ABN. If you use a business name other than the partners’ names, you’ll need to register it. We can guide you through these processes.
How are partnerships taxed in Australia?
Partnerships aren’t taxed separately. Each partner reports their share of the partnership income on their tax returns. We can advise on tax matters related to partnerships.
What documents do I need to form a partnership?
While not legally required, we strongly recommend a written partnership agreement. This document should cover profit sharing, decision-making, dispute resolution, and issues like bankruptcy or dissolution. We can help you draft a comprehensive agreement that gives you confidence in your business venture.
Speak to us Now or
Book a Free Consultation.
Call Now or
Book a Free Consultation.
We will call you within 24 hours.
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