Dewey Landlord Pursues Former Partners

, The Am Law Daily

   |1 Comments

In its complaint, the landlord claims 450 former partners "are jointly and severally liable for all amounts that are due and will become due" under a lease for the firm's midtown Manhattan headquarters that was initially intended to run until 2020.

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What's being said

  • Paul Robinson

    This is why you're supposed to use a limited partnership or a corporation to run a business. I'm not even a lawyer and I use a corporation to run my software business, and it was my idea. I tell people, "never run any business larger than a lemonade stand under your own name", always use a corporation or LLC (or whatever lawyers are allowed to use (other than a partnership) if they can't use corporations or LLCs) and never be a general partner. Didn't any of these lawyers think about the fact by being partners of the business they were jointly and severally liable for its debts? Talk about shoemaker's children...

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