This form is a model adaptable for use in partnership matters. Adapt the form to your specific needs and fill in the information. Don't reinvent the wheel, save time and money.
It can last indefinitely, but you can specify a duration in your agreement if you prefer to set a time limit.
While it's not legally required, it's highly recommended to create one to avoid misunderstandings down the line.
General partners manage the business and have personal liability, while limited partners contribute funds and have limited liability without much say in daily operations.
Sure thing! The agreement can be amended if all partners agree – just be sure to get it in writing.
Nope! You don't need to file the actual agreement, but you do need to register your partnership with the state.
Delaware has a business-friendly environment with flexible laws and a well-established court system that’s a favorite among businesses.