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Drafting the Partnership/Operating Agreement: Protecting Owners and the Business
Original Program Date :
Length: 51:28
A well-drafted partnership or operating agreement is essential to protecting both the business and its owners. Beyond the boilerplate, these agreements define decision-making authority, allocate profits and losses, set rules for ownership transfers, and establish a roadmap for resolving disputes. Too often, small businesses rely on generic templates that fail to address critical issues - leading to unnecessary conflict and risk.
Jason Proctor, Hubbard, McIlwain & Brakefield, P.C.
Jason A. Proctor is an associate attorney at Hubbard, McIlwain & Brakefield, P.C., and a title agent at West Alabama Insured Titles, LLC. Jason is a native of Savannah, GA, and a graduate of Auburn University (B.S. in Economics) and the University of Alabama School of Law (J.D./L.L.M. in Taxation). Jason focuses his practice on business entities, estate planning, real estate, collections, and tax. Outside of his practice, Jason also serves on the Board of Directors for Easter Seals of West Alabama, and is the President of BNI Tuscaloosa.
