Partnership Agreement

Florida Partnership Agreement — $700.00

Florida partnership agreement affordable business lawyerA partnership agreement is an agreement between two or more parties to join together in order to start and operate a new business.  The partnership agreement typically includes items such as financial contribution to the business, how the assets, profits and losses will be divided, the responsibilities and job duties of each partner, the sale or transfer of partnership interests, withdrawal of funds, etc.

If you intend on starting a partnership or a limited liability company with another party in Florida, it is vital that you memorialize the terms of your partnership on paper in a signed contract.  While many people like to have an informal partnership with nothing written down (because it is awkward to ask the other partner to sign a contract), without a doubt you will have problems at some point in the future, possibly damaging the partnership.  That is why it is important to write down the terms, so if a problem does occur, the parties can refer to the partnership agreement to resolve the dispute.

It doesn’t matter whether you are staring a business with a family member or friend, the partnership agreement will protect the future of the business by resolving all potential problems at the beginning.

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