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WHY NEED A PARTNERSHIP AGREEMENT?A Partnership Agreement is a contract between two or more individuals who would like to manage and operate a business together in order to make a profit. Each Partner shares a portion of the partnership's profits and losses and each Partner is personally liable for the debt and obligations of the Partnership.
The Partnership Agreement describes the Partner responsibilities, outlines the ownership interest in the Partnership, defines the profit and loss distribution of each Partner, prepares the Partnership for common business scenarios, and includes other important rules about how the Partnership will be managed and conduct business.
WHAT WILL YOU RECEIVE FOR THIS ORDER?
You will receive a detailed copy of your partnership with all your business information.
The Partnership Agreement is suitable for partnership LLCs.
The Partnership Agreement is valid in the State in which your new Limited Liability Company (LLC) was formed.
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