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General Partnerships › Business Litigation

Farrell Fritz, P.C.

Premature or Untimely? Both at the Same Time? When to Sue as a General Partner

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Under ancient (some would argue vestigial) common-law rules of general partnerships, partners can find themselves stuck between a rock and a hard place deciding when to pull the trigger on a lawsuit....more

Farrell Fritz, P.C.

A General Partnership in Perpetual Enmity

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With the growing prevalence of limited liability companies, notable general partnership decisions become fewer and further between with each passing year....more

Farrell Fritz, P.C.

The “Illegality” Defense to Partnership Formation

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Food trucks have become as ubiquitous on the streets of Manhattan as pigeons in Central Park. Unsurprisingly, the New York City food truck business is highly regulated, requiring licensure of those participating in the...more

Farrell Fritz, P.C.

Is Loss Sharing an “Indispensable Essential” of Partnership?

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What makes a partnership a partnership? What makes a partner a partner? To be clear, I’m referring to partners in a general partnership....more

Farrell Fritz, P.C.

General Partner’s Resignation Triggers Nonjudicial Dissolution of Limited Partnership

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A limited partnership without a general partner cannot lawfully continue. That’s why it’s critical that the limited partnership agreement thoughtfully address general partner succession and, when triggered, the agreement’s...more

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