Common Contracts
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Sample partnership agreement for construction companyAugust 1st, 2021
Table of Contents A Partnership Agreement is an internal written document detailing the terms of a business partnership. A partnership is a business arrangement where two or more individuals share ownership in a company and agree to share in their company’s profits and losses. There are three main types of partnerships: general, limited, and limited liability partnerships. Each type has a different impact on your management structure, investment opportunities, liability implications, and taxation. Make sure to record the type of partnership you and your partners choose in your partnership agreement. A simple Partnership Agreement will identify the following basic elements: Partners: the names of each person who owns the company Name: the name of the business. Purpose: the type of business being run by the partnership Place of Business: where the partners go to work every day Distributions: how the profits and losses are divided amongst partners Partner Contributions: how much and what
