Advising on liability risks and structuring options to protect personal assets.
Assisting in securing and managing partnership property titles and transactions.
Counseling on compliance with California laws governing partnerships and property ownership.
Drafting and reviewing partnership agreements tailored to real estate ventures to safeguard partners' interests.
By leveraging legal expertise in general partnerships, Aziz Hasnain, A Professional Law Corporation, helps clients confidently structure general partnerships while minimizing risks and maximizing operational clarity.
A general partnership (GP) is formed when two or more parties agree to carry on a business together for profit, often requiring no formal state filing in California, though a written partnership agreement is strongly recommended to define each partner’s rights, responsibilities, profit sharing, and dispute mechanisms. All partners in a GP share equally in the management, profits, and importantly, bear unlimited personal liability for the partnership’s debts and obligations. This exposes personal assets to risk in case of financial or legal issues. Partners actively participate in managing the partnership’s business, which contrasts with limited partnerships that separate management and passive investment roles.
Our services include:
