Frequently Asked Questions

What are the different types of business partnerships?

The three different types of business partnerships are general partnerships, joint ventures, and limited partnerships. A general partnership is the most basic and is an agreement between two or more individuals in which profits and liability are shared among the partners. In a general partnership, each partner has unlimited liability and is subject to seizure of their personal assets in certain circumstances. These partnerships require little paperwork and are easier to set up than corporations or LLCs. A joint venture is formed when two entities pool their resources and join to form a new entity which may be structured as a partnership, LLC, or corporation. Joint ventures are typically formed to allow two companies to use their different areas of expertise to capitalize on an opportunity. Lastly, in a limited partnership, the general partner has unlimited liability and is involved in managing most of the business, and the limited partners play a smaller role and typically provide an initial investment. Limited partners are only held liable to their initial investment. If you are in a dispute within your partnership agreement, contact Knight Law to discuss your case.

What are the different legal structures I can use for starting my business?

The various structures you can use to start your business include sole proprietorships, limited liability companies, corporations, and partnerships. They each have their own unique benefits. If you are not sure what legal structure to choose, need help registering your business, or think you may need to change your legal structure, contact us for a free consultation.

What should I do if someone threatens to sue me over a business dispute?

If you receive written communication that person or company is threatening to sue you, it is important to assess the claim’s legitimacy and respond within the timeline provided. In many cases, you may seek a settlement before going to court to avoid hefty legal fees. However, if you are confident that you can defend yourself, going to court may be your best option. Contact us if a person or company has threatened to sue you, and we will assess your case and guide you on the best course of action to take.

When should I consider real estate litigation?

Some of the most common cases to consider filing litigation are breach of contract, failure to disclose property defects, or negligence. Breach of contract occurs when one party, the plaintiff, believes that they satisfied their contractual obligation while the other party, the defendant, did not. A failure to disclose a defect occurs if the buyer takes legal action after discovering a defect intentionally concealed by the seller that negatively impacts the value of the property after closing. A negligence case may be brought against a real estate agent or realtor for not acting in the best interest of their clients. They are also required to disclose information that will benefit the client, perform their services to the best of their abilities, and not disclose private information. A lawsuit may be brought if a real estate agent or realtor acts contrary to these ideals. If you think you have a case, reach out to us and we will guide you through the process.

Should I hire an attorney if I am buying or selling a home?

It is recommended that you hire an attorney to oversee the sale or purchase of a home since it is a large transaction, and you need to make sure that it is valid and that you are protected. You don’t want to sign a contract that doesn’t protect your interests and deal with unintended disputes later on.

What is the difference between a residential and commercial property?

The two main types of properties are residential and commercial. Residential properties are intended for private housing and include townhouses, condominiums, and single-family homes. Commercial properties are intended for a business or industrial use and include office buildings, apartment buildings, and parking garages.

What is medical malpractice?

Medical malpractice is defined as negligent treatment by a medical provider, including doctors, hospitals, nurses, chiropractors, therapists, or other medical practitioners. A medical provider who does not act in a manner that is considered the accepted standard of care in diagnosing or treating a condition can be held responsible for all damages that result, including pain and suffering, medical bills, loss of wages, or wrongful death. Knight Law has experienced attorneys ready to guide you on how to proceed in pursuing legal action to seek the appropriate justice for your loss.

How do I know if a medical malpractice occurred?

Medical malpractice occurs when someone is injured because a health care provider’s treatment deviated from the accepted standard of care for medical professionals in his or her practice area. However, being injured while being treated by a doctor does not necessarily mean that you will have a claim for malpractice. You will have the burden of proof to show by a preponderance of the evidence that each of the elements of malpractice occurred. These elements include the following: There was a provider-patient relationship, the medical provider’s treatment fell below the expected standard of care, the incompetent treatment caused your injuries, and you suffered calculable losses as a result.