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[Music] hey this is attorney sarah holmes from homes business law pc and today we are answering some common questions we get about partnerships one question we get is what if my partners and i do not have an operating agreement or buy sell agreement or it could be you dont have a shareholder agreement but if you have a business partnership with someone and you have an entity set up or even if you dont and you want to get out of that partnership what happens if you dont have the proper documents in place well unfortunately people learn that when they dont have the proper documents in place what happens is your partnership and how that partnership could possibly break up is going to have to be governed along to your states default rules regarding the business entity so for example if you have a pennsylvania llc set up and no operating agreement there are state statutes that say what happens by default if you do not have a business agreement in place often those rules are not to you
