Starting a business with a partner is exciting — shared vision, complementary skills, and combined capital. But without a clear partnership agreement, even the strongest alliances can break down into disputes, delays, or lawsuits.
At Rann Law, we help California founders protect their business relationships with legally sound, conflict-preventing partnership agreements.
Why You Need a Partnership Agreement
Too many business partners rely on verbal understandings or informal documents. But vague expectations lead to:
- Disagreements over equity, roles, or responsibilities
- Misaligned decisions or competing priorities
- No clear exit plan if one partner wants out
- Legal limbo when resolving deadlocks or bringing in new partners
A strong agreement brings structure, accountability, and peace of mind.
What Should Be in a Partnership Agreement?
We help you clarify the key areas that cause friction later:
- Ownership percentages and capital contributions
- Role definitions and decision-making authority
- Profit and loss sharing
- Exit clauses, buyouts, and succession plans
- Dispute resolution terms
- IP ownership and confidentiality
When Founders Don’t Have One: Real Legal Risks
We’ve seen founders face:
- Frozen bank accounts due to internal disagreements
- Costly buyouts with no valuation method in place
- Legal battles over who owns company assets or branding
- Fractured friendships turned into expensive litigation
How Rann Law Supports Startups
Whether you’re forming an LLC, S-Corp, or partnership, we can:
- Draft custom partnership agreements that reflect your goals
- Review existing documents and recommend updates
- Advise on equity, founder vesting, and succession
- Serve as legal counsel through the life of your business
Build Smart From the Start
The best time to agree on terms is before there’s conflict. Protect your partnership and your business with clear legal structure.
Need a California startup attorney?
Schedule a consultation with Rann Law to safeguard your founder relationships from day one.