The General Partnership Agreement is easy to form and involves two or more people (not a husband and wife) jointly running the business and having a share in the profits as they are outlined in the agreement. The same applies to debts and liabilities. Every partner has an equal vote.
The general partnership itself is not subject to any income tax. One of the advantages to the general partnership is that no state filing, registration, or ongoing reporting is required.
Designed for use inAll 50 States.
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This General Partnership Agreement also includes:
1. Instructions & Checklist;
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3. General Partnership Agreement fill-in-the-blank form.
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