Partnership agreements are agreements between two business partners that’s quite different from a corporation. A corporation can have a very complex structure that can have several shareholders who decide the direction which the company is headed. A partnership is generally an agreement between two or more parties who share ownership of the business. A corporation meanwhile has a lot of legal processes that are quite costly. That’s why most small to medium businesses have partnerships that are less costly and require little legal requirements.
Our Sample Agreements on partnership will help facilitate a draft for your partnership agreements without the complications of how to go about making one. These are free for downloading and can be edited or modified according to your partnership terms and are available in either Word Doc or PDF file.
Partnership Agreement Sample Template
Real Estate Partnership Agreement Sample
Limited Partnership Agreement Sample Template
Checklist Partnership Agreement Sample
Web Content Partnership Agreement Sample Template
Sample Custom Software Business Partnership Agreement Template
Economic Partnership Agreement Sample
Limited Partnership Agreement
Voluntary Partnership Agreement
National Partnership Agreement
Domestic Partnership Agreement
While generally, a partnership agreement is simplified in terms of structure, partners in the agreement can choose between two kinds of partnerships according to the terms of their agreement. These are
- General Partnership Agreement, wherein each partner must share all the management functions, expenditures and expenses, liabilities and profits equally among themselves
- Limited Partnership Agreement, agreement wherein some (general) partners own and manage the company while other (limited) partners serve only as investors and contribute to whatever financial requirements are needed. This kind of partnership will have been defined in the contract from the onset of the agreement and liability and profit-sharing are thoroughly arranged and mutually affirmed.
We offer downloadable Sample Business Partnership Agreements and Sample Partnership Agreements to help prospective partners decide on what kind of business agreement to arrange upon. These will help you decide the best option for your business as well as guide you in terms of the kind of partnership applicable to your agreement.
Partnership Dissolution Agreement
Real Estate Joint Venture Partnership Agreement
Business Partnership Agreement
Partnership and Cooperation Agreement
Joint Venture Partnership Agreement
School Business Partnership Agreement
So why choose partnership over incorporation? In a partnership agreement, there are several factors to consider and the framework with which a partnership is formed is defined in several instances. A corporation can have several legal requirements that have long and elaborate processes that may only be applicable to really big business ventures. The following things are considered in a partnership agreement over incorporation:
- Startup Costs
Corporations have intricate tax and legal requirements that include the filing of articles of incorporation among other processes, compared to a partnership which is easier to form and can be less costly.
Corporations require more people in the decision-making process, particularly several shareholders who must be included in a decision-making process where there are usually several clashes of ideas. Partnerships have less complex structure wherein partners have equal decision-making responsibilities and can easily agree on the direction of where their business is headed.
Partnerships have the advantage of overseeing the operations of a business personally and have a relatively easier and smaller business anatomy to run than a corporation does. Partners assume management duties and have the propensity to detect directly if the business is doing good or not. Corporations are managed by shareholders who are not directly responsible for how the company is run and therefore do not have the direct personal feel of the general welfare of the business.
Besides partnership agreements, we also have free downloadable Domestic Partnership Agreements. These are for contractual legal agreements between partners in a committed relationship who want to outline the legal and financial agreements of their personal association. These are free to print and download and are available in either Word Doc or PDF file.
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