12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
Edit & Print Free General Partnership Documents for Zip Code 31406
  • Written by expert Attorneys
  • Guaranteed for your State
  • Personalized for your situation
  • Finish and print in minutes!

Key Elements of a Business Partnership Contract in Zip Code 31406

Key Elements of a Business Partnership Contract in Zip Code 31406


A real businessman values his partners like friends and his partnership like friendship.
 
- Amit Kalantri


Partnerships are easy to form, easy to operate and very inexpensive. There are no formalities (such as annual meetings or filings) and they avoid the double taxation of corporations.

One drawback is that all partners are subject to personal liability for all debts, losses, and liabilities of the Partnership. Each partner is also generally liable for every other partners' actions on behalf of the partnership.

Poorly organized partnerships can lead to nasty disputes among partners in the future. A partnership agreement can clarify the key elements of a partnership in a written agreement. Here's a list of the major areas that most partnership agreements should cover:

Name of the partnership. One of the first things you must do is agree on a name for your partnership. You can make up a new Trademark like Philadelphia Web Design or use your own last names, such as Smith & Jones. Either way, it is a good idea to make sure that the name isn't already in use, that a web url is available and then register a business name statement with your county clerk.


Contributions to the Partnership. It's critical that you and your partners work out and record who's going to contribute cash, property, or services to the business before it opens -- and what ownership percentage each partner will have. Disagreements over contributions have poisoned many promising partnerships.

Allocation of profits, losses, and draws. Decide whether profits and losses will be allocated in proportion to a partner's percentage interest in the business. Define the rules for partners to withdraw cash from the business. You and your partners may have different financial needs and different desires about how the money should be divided up and distributed.


Management duties. Who will keep the books? Who will deal with customers? Supervise employees? Negotiate with suppliers? Think through the management needs of your Partnership and be sure you've spelled it out in your partnership agreement.

Electing new partners. Agree on a procedure for selecting and on boarding new partners. Define requirements such as capital contributions and voting rights.

Withdrawal or death of a partner. Set up a clear buyout scheme in your partnership agreement.

Resolving disputes. It would probably benefit all partners if the partnership agreement provides for alternatives to litigation for dispute resolution, such as mediation or arbitration.

 
Download & Print a Free GA Partnership Personalize This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
  Answer Easy
Questions
answer simple questions online step by step
Easy Questions, Instant Documents
  • Finish in Minutes
  • Download Immediately
  • Written by Attorneys
  • 100% Guaranteed
  Get Instant Legal
    Documents

Print, save or email your finished legal document immediately!
Last Will & Testament
Related Legal Services near Zip Code 31406
Love J Michael
7370 Hodgson Memorial Dr # C7
Savannah, GA 31406
(912) 351-9400
Juvenile Law Attorneys, Attorneys
Bankruptcy Attorneys-Hnsvll
337 Commercial Drive Suite 500
Savannah, GA 31406
(912) 876-9119
Attorneys
Welch Lee Ann
306 Commercial Dr # A
Savannah, GA 31406
(912) 355-9109
Attorneys, Legal Service Plans
Jarrett & Price
327 Eisenhower Dr Suite 200
Savannah, GA 31406
(912) 401-8880
Immigration Law Attorneys,  Attorneys,  Criminal Law Attorneys,  Family Law Attorneys,  Mediation Se
Gatch, Charles Donnie
7805 Waters Ave
Savannah, GA 31406
(912) 354-8086
Attorneys, Family Law Attorneys
Wisenbaker Gary
327 Eisenhower Dr
Savannah, GA 31406
(912) 352-7821
Real Estate Attorneys, Attorneys
Durham E Blake
327 Eisenhower Dr
Savannah, GA 31406
(912) 927-7779
Collection Law Attorneys, Attorneys
Wisenbaker Law Offices PC
327 Eisenhower Dr
Savannah, GA 31406
(912) 927-7779
General Practice Attorneys, Real Estate Attorneys, Attorneys
Owens & Mulherin
800 Commercial Ct
Savannah, GA 31406
(912) 200-7765
Attorneys
A L Blair
138 Cardinal Rd Suite 101
Savannah, GA 31406
(912) 659-7157
Criminal Law Attorneys, Family Law Attorneys, Attorneys
Vaughan, J. Scott
7505 Waters Ave
Savannah, GA 31406
(912) 330-6324
Attorneys,  Real Estate Attorneys,  Personal Injury Law Attorneys,  Estate Planning Attorneys,  Lega
Cole Fleming & Clark PC
337 Commercial Dr
Savannah, GA 31406
(912) 330-6121
Attorneys,  Personal Injury Law Attorneys,  Real Estate Attorneys,  Social Security & Disability Law
Brantley Law Firm PC
7704 Waters Ave
Savannah, GA 31406
(912) 355-5858
Attorneys, General Practice Attorneys
Diana Monson Thibodaux PC
7370 Hodgson Memorial Dr
Savannah, GA 31406
(912) 354-5200
Social Security & Disability Law Attorneys, Attorneys, Legal Service Plans
McDonough Law Office
340 Eisenhower Dr
Savannah, GA 31406
(912) 398-5135
Attorneys,  Business Bankruptcy Law Attorneys,  General Practice Attorneys,  Bankruptcy Law Attorney
Hadwin Arden J
15 E Montgomery Xrd
Savannah, GA 31406
(912) 927-4706
Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Real Estate Attorneys,  Real Estate Buyer B
Brown James W
10415 White Bluff Rd
Savannah, GA 31406
(912) 921-4700
Employee Benefits & Worker Compensation Attorneys,  Attorneys,  Personal Injury Law Attorneys,  Acci
Owens And Mulherin
800 Commercial Ct
Savannah, GA 31406
(912) 691-4686
Employee Benefits & Worker Compensation Attorneys,  Attorneys,  Accident & Property Damage Attorneys
Bass Law LLC
24 Commerce Pl
Savannah, GA 31406
(912) 344-4294
Civil Litigation & Trial Law Attorneys,  Personal Injury Law Attorneys,  Attorneys,  Wrongful Death
Anderson Law Firm
340 Eisenhower Dr
Savannah, GA 31406
(912) 209-4004
Attorneys,  Labor & Employment Law Attorneys,  Personal Injury Law Attorneys,  Social Security & Dis
Smith Barid
315 Commercial Dr # C1
Savannah, GA 31406
(912) 352-3999
Corporation & Partnership Law Attorneys, Attorneys, Business Law Attorneys, Estate Planning Attorney
William J Gladden
340 Eisenhower Dr
Savannah, GA 31406
(912) 354-2997
Civil Litigation & Trial Law Attorneys, Attorneys
The O'Brien Law Firm Lpa
8410 Abercorn St # A
Savannah, GA 31406
(912) 233-2822
General Practice Attorneys, Attorneys, Real Estate Attorneys
Cole Thomas L
337 Commercial Dr
Savannah, GA 31406
(912) 354-2653
Attorneys,  Social Security & Disability Law Attorneys,  Real Estate Attorneys,  Bankruptcy Law Atto
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US