What rights do I have as a partner in a general partnership?
Question Details:
Can I get voted out? Can I demand a CPA run the books? Can I demand a property management group run the property?
In Ohio, absent a partnership agreement, the Ohio Uniform Partnership Act (R.C. 1776) controls. To answer your questions, pursuant to the Act:
I hope this helps. As you see, normally a general partnership is disfavored over other entities such as an LLC or corporation. And if you are going to have a partnership (or any kind of entity with multiple owners), you need a partnership agreement or some kind of written agreement that states the duties and responsibilities of the owners.
If you need further help with the situation, feel free to contact me.

Mr. Miller's response is well-written and also basically applicable to Georgia. You cannot be kicked out, but the partnership could be dissolved by one of the partners. By the way, a partnership is generally not an advisable way to conduct a business. If you would like to discuss any issues further, please feel free to contact my office. Thank you. The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

Basically your rights are determined by the partnership agreement. If there is no partnership agreement, then the laws of the state may be relevant in determining rights. No businessman should enter into an agreement without having corporate counsel involved. Additionally, partnerships expose you to personal liability and are not the preferred way to conduct business. An LLC or S corp would be preferable. Get with a business and tax attorney to do this right.


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