Under the Kansas Uniform Partnership Act, codified at K.S.A. § 56a-101 through 56a-1305, ("KUPA"), it governs the creation, operation and dissolution of Kansas general partnerships. A general partnership is a corporate entity that is created when there is an association of two or more individuals that carry on as co-owners of a business for a profit, despite whether they intended to do so or not.
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Kansas Business Lawyer Offers Tips on How to Divorce-Proof Your Kansas Business
If you are a business owner who is either married or even contemplating marriage, you need to be aware of the fact that you could lose all or a substantial portion of your business in the event of a divorce. Do not fool yourself into thinking that divorce cannot happen to your marriage. Unfortunately, divorce is a real possibility for any marriage and the best thing you can do to protect your business in the event of a divorce is to be proactive.
Signs Your Kansas City Partnership is Headed Towards a Business Divorce
Running a business is no simple task. However, it can be more challenging than necessary if two partners are often feuding. Of course, some degree of disagreement amongst partners is normal and can be expected from time to time. However, partners that are constantly battling are sure to interfere with a business' bottom line and future goals. Before your partnership becomes embroiled in a bitter business divorce, it is wise to speak with an attorney.
Is your Kansas City Business Partner Embezzling Partnership Funds?
Your business has been doing very well for the last year, although from looking at the books, you would think the opposite. Your business partner does not seem worried in the least, which starts to make you suspicious that your partner may be embezzling partnership funds.
Protecting Trade Secrets Under the Kansas Uniform Trade Secrets Act
In the U.S., numerous states - including Kansas - have adopted the Uniform Trade Secrets Act, (the "Act"), which serves to protect the secrecy and economic viability of certain types of sensitive business information.