All for One and One for All?

Many closely-held businesses are owned by a two or more individuals who are (or were) also friends, family members, or former co-workers.  Because of their prior relationship, these individuals enter into their business relationship with a certain amount of inherent…

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If It Looks Like a Duck, and Walks Like a Duck…

Aaron Rents v. Fourteenth Street Venture, LP, 243 Ga. App. 746 (2000).  The Court of Appeals affirmed the trial court’s determination that a partnership existed where an association formed by agreement between a judgment debtor and another individual constituted a…

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Partnership Agreement: Who Reads Those Things Anyway?

Kellett v. Kumar, 281 Ga. App. 120 (2006).  This case highlights the importance of complying with the express terms of a partnership agreement.  In 1980, Surender Kumar, Veeni Kumar, and Ellen Troup (collectively, the “Limited Partners”) invested and became limited…

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Any Ship But a Partnership

Yun v. Um, 277 Ga. App. 477 (2006).  In this business divorce case, Mr. Yun and Mr. Yi began their business relationship as employer-employee.  Yun, the owner of several businesses, employed Yi to manage a (largely unprofitable) grocery store that…

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