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Updated over 4 years ago, 08/16/2020

User Stats

219
Posts
82
Votes
Alice Huang
  • Investor
  • Montreal, Canada
82
Votes |
219
Posts

Attorneys disagreeing over LLC Operating & Partnership Agreement

Alice Huang
  • Investor
  • Montreal, Canada
Posted

Hello BP!

Would love an insight on what is going on here...

My business partner has engaged an attorney for the LLC (not LP) to draft a "partnership" agreement.

I’ve passed the agreement to my attorney and she insists on:

1- my business partner downloaded a templates and drafted himself (which he did not)

2- the “partnership” agreement is incorrect and needs to be completely rewritten as it’s structured as a Limited Partnership Agreement

I am at a loss here because the attorney my partner engaged insists that she’s right and my attorney insists that the other attorney is wrong.

Any insight to whether or not this has happened to you?

Thank you.

Sincerely,

Alice

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