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Create General Partnership Agreement

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Contact Information

Your Name*

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Partnership Information

Principal Place of Business of the Partnership*
MM slash DD slash YYYY
MM slash DD slash YYYY

First Partner

Name of First Partner*
Address of First Partner*
What is First Partner's contribution to the Partnership?*

Second Partner

Name of Second Partner*
Address of Second Partner*
What is Second Partner's contribution to the Partnership?*

Third Partner

Name of Third Partner*
Address of Third Partner*
What is Third Partner's contribution to the Partnership?*

Fourth Partner

Name of Fourth Partner*
Address of Fourth Partner*
What is Fourth Partner's contribution to the Partnership?*

Ownership Interest

Please enter a number from 0 to 100.
Please enter a number from 0 to 100.
Please enter a number from 0 to 100.
Please enter a number from 0 to 100.
MM slash DD slash YYYY
What is the Basis of Accounting for the Partnership?
What is the method of accounting to be used? This is important for determining a partner's share in the profits and losses of the partnership. The Cash method means that the partnership would recognize profits only when it receives actual cash or payment, and recognize expenses only when it actually pays cash. On the other hand, the Accrual method means that the partnership would already recognize revenue upon billing a customer or client (without actually receiving the cash yet), or recognize an expense once it has have been billed even without actually paying yet.
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Fixed Percentage Shares

Please enter a number from 0 to 100.
Please enter a number from 0 to 100.
Please enter a number from 0 to 100.
Please enter a number from 0 to 100.

Additional Information

What type of vote is required for Partnership decisions?*
Partnership decisions require either a majority vote of the partners or partnership interest, or a unanimous vote of the partners or partnership interest.
Is there a Managing Partner?*
A partnership may appoint a Managing Partner who can act on behalf of the Partnership for certain acts.
How are Accounting Decisions decided by the Partnership??*
Partnership decisions require either a majority vote of the partners or partnership interest, or a unanimous vote of the partners or partnership interest.
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