Partnership

Does a DBA Protect Me from Personal Liability?

Joseph G. Ballstaedt801.365.1021joe@snjlegal.com A client of mine owned a company that was involved in a lawsuit, and he was not worried about personal liability because the company was a DBA (“doing business as”). He, personally, had applied for and obtained the DBA, so he was mistaken. He, personally, was liable for any claim or judgment …

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What Is a Partnership and When Is It a Good Idea?

A partnership is simply a joint venture of two or more individuals conducting a business together for profit. Like the sole proprietorship, the partners are liable for the debts and liabilities of the business individually. Again, no formal organization is required, though a written partnership agreement is always recommended. This type of business entity is …

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