Reading... General Partnership Agreement Checklist
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General Partnership Agreement Checklist

Step 1: Gather Information

As you complete your general partnership agreement, you will need to provide certain relevant information. This includes the partnership address, partner capital contributions and ownership percentages, and management roles.

Step 2: Answer Key Questions

Use the information you collected to complete the partnership agreement. We make this easy by guiding you each step of the way and helping you to customize your document to match your specific needs. The questions and information we present to you dynamically change depending on your answers and the state selected. Click below to get started.


Step 3: Review and Sign

It is always important to read your document thoroughly to ensure it matches your needs and is free of errors and omissions. After completing the questionnaire, you can make textual changes to your document by downloading it in Microsoft Word. If no changes are needed, you can simply download the PDF version and sign. These downloads are available by navigating to the Documents section of your account dashboard.

When signing the document, be sure to follow any additional instructions related to signing and witnessing the document. Any such instructions will either be located next to the signature line or in the instructions attached at the end of the document.

When using a notary, you must wait to sign the document until they are present.

Step 4: Distribute and Store Copies

At a minimum, all parties that sign the document should receive a copy once it is fully executed (everyone has signed). Other interested parties may need or want copies as well. Be sure that you store your copy in a safe location. It is a good idea to keep both a physical and electronic copy.

Step 5: Periodically Review and Update

It is easy to forget the ins and outs of your agreement. Periodically reviewing it will help you stay familiar with any responsibilities or requirements so that you can determine when it needs changes or additions.

Step 6: Complete Related Documents

Completing documents such as a loan agreement and employee handbook may help offer additional protection. For example, loan agreements between partners or other lenders are important for protecting both the borrower and lender. Additionally, any company with employees needs to have an employee handbook in place to comply with state and federal employment laws.


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