Saturday, June 28, 2014

If i am in a business partnership that is 50/50. Can I or my partner do anything without the other one knowing in regards to leagals issues ...

Question

If i am in a business partnership that is 50/50. Can I or my partner do anything without the other one knowing in regards to leagals issues in Massachusetts?



Answer

You need to look to your partnership agreement and who is authorized to do what independently and when both of your consents is required. You should have a formal partnership agreement.



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