Limited Partnership (LP) Pre-Formation Considerations

Name, address, and marital status of each general partner and limited partner.
Name of limited partnership
Street address of limited partnership’s designated office in California and other offices
Term of limited partnership
Scope of limited partnership’s business
Business with affiliated entities
Financing of partnership’s business
Partners’ respective ownership interests in limited partnership
Initial capital contributions
Additional capital contributions
Interest on capital contributions
Return of capital
Distributions
Rights and obligations of partners
Allocations
Compensation to partners and affiliates
Right to reimbursement of expenses incurred in connection with limited partnership’s business
Liability and indemnification
Time general partners devote to limited partnership business and right of general partners to engage in competing activities
Maintenance and accessibility of books and records
Tax year
Method of accounting
Transfers of partnership interests
Buy-out rights
Terms for admitting additional partners
Removal of general partner
Events of dissolution
Amendments to partnership agreement
Dispute and resolution procedures

What Clients Are Saying

Thank you for your excellent counsel. We feel so lucky to have met you and intend to have a long and prosperous relationship with you and Axis Legal.

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So grateful I found Axis this year and want to thank you again for your amazing representation this year when I was closing my development deal for my series.

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Thank you again for everything!! You are a reminder that there still are great people in this world :)

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I am a serial entrepreneur in Los Angeles and have hired over 20 law firms for my diversified companies within the last decade. Ms. Soofi has provided better council than any full service international law firm I have retained. She provides aggressive professional services and makes me feel comfortable throughout the legal process. She has a diversified skill set encompassing (but not limited to) litigation, IP, entertainment, corporate compliance, HR, Private equity and venture capital. Ms. Soofi has high ethical standards and makes paying for legal services transparent and frictionless. I feel very fortune to have met her and I look forward to a long term professional relationship. I can't speak highly enough of her and I recommend her to anyone with high standards.

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Thank you again for everything you've done for my family and me! You are a blessing in our lives. I wish you all the best...

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Rabeh – you are the best. These revisions are just right and I appreciate your responses to my questions below – I feel a lot more comfortable sending this across. Our many thanks to you for all your counsel.

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Rabeh, Thank you very much for helping with this contract. Your analysis and explanation made it much easier for me to feel comfortable with the contract. I will certainly not hesitate to call on your services should I so need them, or to recommend them to others in need. Once again, thank you.

Thank you for your time, understanding and diligence in this matter Rabeh, as well as explaining things to me in detail along the way. I truly appreciate it, and will contact you whenever we need revisions or legal help in the future.

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Rabeh, Thank you for helping me with all my past legal challenges. You are the best (and smartest) attorney I’ve ever met! Im so grateful for you ;-)

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Rabeh, I must say that we’ve been very impressed with your work and so very grateful for this outcome. We value your professionalism and have been delighted by your attitude and your masterful efforts on our behalf!

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Dearest Lawyer Soofi, Thank you so much for your HARD work and effort. You are an awesome lawyer I've ever meet. Thank you again.

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Ms. Soofi, I appreciate you from the bottom of my heart and soul and thank you very much for your patience and your wonderful service, through these months with us. I mostly thank you very much for your caring personality!

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Rabeh, I cannot thank you enough for the extremely thorough and thoughtful insights you’ve provided. I am so glad we sought out your counsel in this matter...

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Rabeh, you are an amazing attorney. Thanks so much for representing me.

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Gave up hope there for a second on it - Thank you Rabeh for really fighting for me!

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Rabeh, thank you again for your brilliant review and comprehension of this incredibly complicated matter. Thank you also for explaining it clearly to me. I will take all these items you've mentioned into consideration. Thank you so much. I can't thank you enough.

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Ms.Soofi Is a great Attorney. She has been instrumental in helping my family solve our legal troubles. Her knowledge and expertise provided a swift resolution to our inquiry. I would highly recommend Ms. Soofi because she is fair-minded and cares about her clients.

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This attorney deserves a ten-star rating. I have never met such a super lawyer, who is very compassionate, diligent, and knowledgeable in her fields. She delivers results effectively and promptly. Our HOA complex had been ridden with corruptions over 20 years, and it was God's answers to our prayers to find Ms. Soofi to help us fix all these corruptions and guide us to fire the former management company, which managed our complex for over 20+ years, and had been leaching on our association's funds and left our complex at the worst shape F- condition. We are very thankful to Ms. Soofi for her legal guidance and to assist us in correcting all legal issues that we are facing.

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I found Rabeh to have a knowledgeable understanding of the laws as she was able to clearly explain to me how best to proceed and what the options were. Rabeh is one of the few lawyers I have worked in the past that really listens and you feel has your best interests in mind. She clearly has compassion for clients, and is honest in a way that I have never had prior lawyers be with me. I was happy with the outcome and recommend her highly.

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Fantastic lawyer. I hired her to help with a legal matter involving an entertainment dispute with an independent label. It was ugly and emotional because it became clear we were totally taken advantage of by the other side. Rabeh is great at what she does and beyond that, a decent person with a lot of compassion. I wish there was a way to give 10 stars.

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Rabeh ended up obtaining a settlement figure 4-5 times higher than the previous firm i hired. She was professional, tactful, genuine, and SUCCESSFUL. I highly recommend Rabeh for your legal advocate.

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Rabeh was there for me every step of the way. She made everything simple and as stress free as she could, and transferring to her was far easier than i imagined. My case was a challenge, but it had depth and meaning and Rabeh recognized this early on. She is not just an attorney who comes in to argue the technical legalities, she is a true advocate.

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Once I hired Rabeh my life became more easy. She showed a great compassion and was far greater than many attorneys I spoke with. She's one of those attorneys that when you get a bill you feel she undercharged you. The end. She's worth it.

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I am so happy we found Attorney Soofi. She is maybe the most honest and hardworking person I ever hired. She was kind and has a huge heart and I feel like we have a protector for life. I never had anyone stick up for me and my rights as much as she did.

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Rabeh is hands down, an amazing lawyer. She was hired to help us with an entertainment business company, and I have to say - I have never met a more honest, trustworthy, and knowledgeable lawyer.

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Rabeh is one of the few lawyers I have worked in the past that really listens and you feel has your best interests in mind. She clearly has compassion for clients, and is honest in a way that I have never had prior lawyers be with me. I was happy with the outcome and recommend her highly.

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Wonderful lawyer. Honest and actually cares about the people she represents above all else. Very please and happy I found her!

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Rabeh is really excellent at knowing the law and explaining it in a very easy to understand manner. I have no experience with the legal industry, and I am very thankful that i found her because I have heard there are a lot of bad lawyers out there who can really take advantage of you.

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Rabeh is without a doubt the best lawyer I have ever hired. She is extremely smart, aggressive, and compassionate. So relieved and happy we found her.

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Rabeh is a godsend. She is aggressive and fights for clients. She helped me with my case and took care of me from A to Z. Cannot recommend highly enough!!!

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I have had the great pleasure and privilege of using the services of this amazing attorney. The entertainment business is a layered and nuanced industry and I cannot think of a better person to maneuver in this complex field.

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