Slinde Nelson Stanford
Toll Free: 866 601 9440 Portland: 866 280 7562 Seattle: 206 237 0020

General Partnerships are for (Dummies) the Uninformed

There are (at least) two reasons why you should never get into a general partnership. First, you have unlimited personal liability for your partner's acts of varying stupidity. When the partnership insurance can't or won't cover the damages, there's no doubt that the creditor's and plaintiff's attorneys will come after your personal assets, especially if you have the deepest pockets. Second, there are at minimum three much better alternatives to use that provide liability protection, and we're certain everyone can think of at least two of those.

As a litigation-weary client once remarked, "Partnerships are sinking ships." Don't be a creditor and plaintiff's dream, look for other ways to structure your business relationship: start a corporation or start an LLC.

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Slinde Nelson Stanford
111 Southwest 5th Avenue Suite 1940
Portland, OR 97204

Portland Law Office Map | E-mail
Phone: 866 280 7562

Slinde Nelson Stanford
601 Union Street, Suite 2600
Seattle, WA 98101
Seattle Law Office Map | E-mail
Phone: 206 237 0020

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