Seattle and Tacoma Business Partnership Attorneys

Creating a business partnership may seem like a fairly straightforward, friendly process. Two or more individuals agree to commit assets to the company in return for a percentage of ownership. Many small partnerships are entered into orally and never formally documented, which may lead to discord later. Business owners considering entering into a partnership should protect their interests and document all details of how the partnership will be run. Experienced legal counsel is essential to the formation of an effective business partnership agreement.

Types of Business Partnerships

A partnership is a fairly simple business structure. However, any time you share assets and liabilities with another person, the agreement should be well thought out and legally binding. Your first consideration is the type of partnership you will be forming: general or limited.

  • General partnership. General partnerships are the most common type of business with two or more owners. In a general partnership, partners all contribute assets to the business, receive profits, and also assume equal liability for debts. Regardless of which partner creates the debt, all partners are responsible for repayment.
  • Limited partnership. Limited partnerships differ from general partnerships in that partners do not all share the same liabilities. Most limited partnerships consist of at least one general partner and one or more limited partners. Limited partners share in profits, but are only responsible for losses up to the amount of their investment. These partners may be referred to as ‘silent.’
  • Limited liability partnerships. In Washington State, there are two more recognized partnerships that must be registered with the WA Secretary of State, limited liability partnerships (LLP) and limited liability limited partnerships (LLLP). These further protect partners from liability.

Choosing which type of partnership is right for your business is an important decision. An experienced business law firm such as Dickson Frohlich Phillips Burgess can help guide you to the best choice, and draft a partnership agreement that will protect your interests.

Dickson Frohlich Phillips Burgess: Business Law Professionals

If you are considering creating a business partnership, take the time to do it right. Making the terms of the partnership clear from the beginning will reduce friction and misunderstandings down the road.  The business law professionals of Dickson Frohlich Phillips Burgess will help you create a partnership agreement that protects all parties and works in the best interest of your business. To get started, CALL NOW for a FREE 15-minute consultation, with no further obligation. We look forward to working with you.

You can reach us at our Seattle office at 206-621-1110 or in Tacoma at 253-572-1000

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Attorney Robert Dickson

Attorney Robert DicksonThe core of Rob’s legal practice is civil litigation, with an emphasis on construction, real estate, and business law. He represents a wide range of clients, from large construction companies to individual homeowners. His is a practical approach to law, which strives to balance the need for a successful legal outcome with a client’s financial goals (or constraints). Outside of his private practice, Rob serves as an adjunct professor at the Seattle University School of Law where he teaches real estate litigation. [ Attorney Bio ]

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    Attorney Thomas L. Dickson

    Thomas L. Dickson

    Tom is an experienced litigator and the founding partner of the firm. For over 30 years, he’s helped clients prevail in their real estate, construction, and business law matters.

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    Attorney Heather Burgess

    Heather Burgess

    Heather represents property owners and developers in all phases of real estate development, from pre-acquisition due diligence through local permitting and appeals.

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    Attorney Robert P. Dickson

    Robert P. Dickson

    The core of Rob’s legal practice is civil litigation, with an emphasis on construction, real estate, and business law. He represents a wide range of clients, from large construction companies to individual homeowners.

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    Attorney Daniel J. Frohlich

    Daniel J. Frohlich

    Dan’s legal practice focuses on civil litigation, real estate law, business law and probate law. He has more than 10 years of experience as an attorney serving clients throughout Western Washington.

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    Attorney Mark S. Johnson

    Mark S. Johnson

    Mark’s legal practice focuses on civil litigation, real estate law, business law and family law. He works tirelessly to help his clients achieve the outcome they are looking for.

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    Attorney Trevor A. Zandell

    Trevor A. Zandell

    Since graduating with honors from law school in 2005, Trevor has been serving the legal needs of businesses, individuals, and families across Southwest Washington.

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    Attorney Daniel E. Pizarro

    Daniel E. Pizarro

    As an associate at Dickson Frohlich Phillips Burgess, Daniel is active in the firm’s civil litigation department. His practice is mainly centered around real estate law, landlord-tenant law, construction law, and probate law.

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    Attorney Alexander J. Wisbey

    Alexander J. Wisbey

    Alexander Wisbey comes to the firm with 5 years of experience as a litigator and trial attorney. He has first chaired several jury trials and has extensive experience handling arbitrations, mediations, depositions, and settlements.

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    Attorney Andrew Hata

    Andrew Hata

    Andrew is the head of our Transactional Department and focuses his practice on corporate governance, real estate transactions, commercial contracts, and corporate finance.

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    Attorney Kelley Duggan

    Kelley Duggan

    As an associate at Dickson Frohlich Phillips Burgess, Kelley practices in a wide range of areas, including estate planning, probate, civil litigation, and intellectual property law.

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    Attorney Cambria A. Queen

    Cambria A. Queen

    Cambria is an Associate with Dickson Frohlich Phillips Burgess in the civil litigation department, where she practices primarily real estate and probate law.

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    Attorney George Knight

    George Knight

    As an associate at Dickson Frohlich Phillips Burgess, George is active in the firm’s civil litigation and transactional departments. His practice is mainly centered around business law, real estate law, construction law, employment law, and probate law.

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    Attorney Chris Pierce-Wright

    Chris Pierce-Wright

    Chris comes to Phillips Burgess Tacoma from Seattle, where he served as an associate attorney focused on insurance litigation with Wilson Smith Cochran Dickerson.

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    Attorney Lacey L. Hatch

    Lacey L. Hatch

    Lacey has developed an in-depth knowledge and has successfully advised clients in an array of land use matters, including project review, code drafting and interpretation, as well as a variety of litigation pertinent to land use issues.

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    Attorney Jennifer Yoo

    Jennifer Yoo

    Jennifer is an associate attorney at Dickson Frohlich Phillips Burgess where her current practice focuses on real estate law, contract and commercial disputes, and business law.

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    Attorney Katherine E. Baals

    Katherine E. Baals

    As an associate at Dickson Frohlich Phillips Burgess, Katherine practices in a range of areas, including real estate, construction, business, and civil litigation.

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    Attorney Kenneth Chan

    Kenneth Chan

    As an associate at Dickson Frohlich Phillips Burgess, PLLC, Kenny is active in the firm’s civil litigation and transactional departments. Prior to working at Dickson Frohlich Phillips Burgess, Kenny was an in-house attorney for a Fortune 100 company.

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    Attorney Brian Buske

    Brian Buske

    Following his graduation from Lewis & Clark Law School, Brian garnered valuable client experience working on international compliance and intellectual property issues.

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    I highly recommend Dickson Frohlich Phillips Burgess and if I ever need a lawyer again they will be my first call.

    - Jeremy H.

    I can’t even tell you how much I appreciate this firm! These guys helped me through one of the most challenging legal situations I’ve faced in my life. Their skill and expertise literally saved my business. I’ve dealt with other counsel in the past but the Dickson firm was by far the most competent and tactful counsel I’ve ever received. I would recommend this group to anyone!

    - Keith D.

    It’s a pleasure to work with the guys at Dickson Frohlich Phillips Burgess. One of the first things that stood out to me was how down to earth and friendly everyone at the firm is. I would definitely recommend them.

    - Den L.