A partnership agreement is a contract between two or more partners in a business venture. The purpose of the agreement is to define the terms and conditions of the relationship between the partners.

Under the template for a 50/50 partnership agreement, each partner shares equally in any profit or loss generated from the business. In addition, each partner has an equal voice in managing the ...

A limited partnership (LP) is a business structure where at least two partners own the company, but only one of them manages the business. The general partner has full liability for the business ...

Before forming a silent partnership, the business must be registered either as a general partnership or a limited liability partnership (LLP) per state regulations. All parties will be responsible ...