PARTNERSHIPS, LIMITED PARTNERSHIPS & JOINT VENTURES
- Joint Venture Agreement
Joint Venture Agreement"A Joint Venture Agreement is an agreement between two or more parties to combine their knowledge and resources for the purpose of executing a particular business undertaking. The parties outline important provisions in a Joint Venture agreement, including the business objectives, respective roles and responsibilities of each joint venturer, contributions and shares in the profits and losses, and termination of the joint venture."
- Limited Partnership Agreement
Limited Partnership Agreement"Going into business with one or more partners? A Limited Partnership Agreement defines the terms of your partnership and helps protect the success of your future business venture. With an understanding between you and your partners regarding your ownership rights and liabilities, you can get back to working together towards your business goals.A Limited Partnership Agreement sets out all the terms of your limited business partnership, from ownership interests to buy-out options, and everything in between. You can even define specific management roles for your partners, though limited partners (those whose liability for the firm's debts is proportional to their investment in the firm) typically don't have management authority. Your Limited Partnership Agreement can include details like: the name, address, and purpose of the partnership; whether limited partners have any voting rights regarding the day-to-day business decisions; how decisions will be made (by unanimous vote, majority vote, or majority vote based on percent ownership); the names, percent ownership, and capital contributions of the partners; defined management roles for individual partners; accounting and auditing information; how to transfer or buy out shares; how to dissolve the partnership; and more. We'll make it simple to cover all the details with our step-by-step instructions."
- Liquidation Agreement
Liquidation Agreement"A Liquidation Agreement is an agreement between two or more partners to terminate a business partnership. This Agreement sets out the division of the business assets and liabilities between the partners and the process for dissolving the business."
- Partnership Agreement
Partnership Agreement"Reviewed by Rocket Lawyer On Call Attorney Dinesh Singhal, Esq.Ready to kick off a successful and satisfying new business partnership? You'll want to use a Partnership Agreement between yourself and the other business partner or partners. Its terms define how the business partnership will be conducted, making it an important foundational document for running your new business.Clear communication and a solid legal foundation helps get your business off to the right start. Whether you're going into business with a friend or business colleague, you'll want to define all the ins-and-outs of how you'll run the partnership. A Partnership Agreement allows your business to prepare for common business scenarios, plan how a partner may leave, or how to handle disproportionate partnership contributions. Everyday misunderstandings between partners are also easily avoided by setting out clear business expectations in a Partnership Agreement. Other terms can cover interest, profits, contributions, buy-out options, and dissolution."
- Partnership Dissolution Agreement
Partnership Dissolution Agreement"A Partnership Dissolution Agreement is an agreement between two or more partners to terminate a business partnership. This Agreement sets out the division of the business assets and liabilities between the partners and the process for dissolving the business."
- Partnership Worksheet
Partnership Worksheet"When you're considering a new business partnership, a Partnership Worksheet helps you get organized. Before you dive right in, make sure that a partnership is the right structure for your new venture. This Partnership Worksheet spells out all the information that a lawyer would need to formalize your new partnership. You need to know what you are doing before you enter into a formal business partnership. A Partnership Worksheet can give you a little direction, and streamline the process if you decide to go forward and hire an attorney to prepare the official agreement. In this worksheet, you'll provide information about each owner, including whether each party will be a general or a limited partner. Decide in advance how profits and losses will be divvied up, and how you'll manage the new entity. What are the goals of the new business? Laying it out in writing can help you analyze the pros and cons of the arrangement. If you neglect to define the details of your new partnership, you may be stuck with the default laws of the state where you form it. Worksheets aren't just for taxes and high school math tests. You can play can use the Partnership Worksheet to play with the numbers and improve your odds of success."
- Silent Partnership Agreement
Silent Partnership Agreement"A Silent Partnership Agreement is used to define the terms of a silent business partnership. You can use this Silent Partnership Agreement to define the amount of a Silent Partner's financial contribution, the percentage of ownership in the business, and the division of management roles within the Partnership."