Common Contracts
1 similar Partnership Agreement contracts
Free partnership agreement form pdfPartnership Agreement • July 3rd, 2023
Download: Adobe PDF, MS Word, OpenDocument *Not offered in all States (view applicable States) Limited Liability Company (LLC) – Specifically for partnerships registered in the state as an LLC. Also known as an “operating agreement.” Download: Adobe PDF, MS Word, OpenDocument General Partner vs. Limited Partner General partners commonly hold personal liability for debts or negligence on behalf of the partnership, while limited partners can only lose what they have invested. Partnership Types Who has Personal Liability? Required to be Active Annual Meetings Required? General Partnership (GP) All partners All partners No Limited Partnership (LP) General Partner(s) only General partner(s) No Limited Liability Partnership (LLP) All partners (for negligent acts only, not for debts) All partners No Limited Liability Limited Partnership (LLLP) No partners General partner(s) No Limited Liability Company (LLC) No partners No requirement Yes How are Profits Taxed? Partnerships are considered pas
