Formation

General Partnership Agreement

For two or more people running a business together without forming an LLC or corporation. Defines the money, the labor, and the exits before they become arguments.

What is inside

  • Capital contributions and ownership shares
  • Profit, loss, and draw arrangements
  • Duties, authority, and banking
  • Admitting partners and handling a departure
  • Dissolution and dispute resolution

Who it is for

Two or more people running a business together without an LLC or corporation, who need the money, labor, and exit terms on paper.

Questions it answers

  • Who contributed what, and who owns what share?
  • How are profits, losses, and draws handled month to month?
  • Who can sign for the business and spend its money?
  • What is the process when a partner leaves or the partnership ends?

What you get

A general partnership agreement in Word and PDF with a contribution schedule you fill in for each partner.

Format: Editable Word + PDF

Preview shows the document layout. The full text is in your download.

$27One-time

Editable Word + PDF

One-time purchase. Yours to keep. No subscription.

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Not legal advice. This is an informational sample document. Have an attorney review it before you use it; meeting your state's requirements is your responsibility.

  • Editable, so you make it yours in minutes
  • Yours to keep and reuse
  • Built for real founders by Dee Williams

Please read: templates are not legal advice

  • These templates and contracts are informational samples, not legal advice, and buying one does not create an attorney-client relationship with anyone.
  • Laws differ by state, by industry, and by situation. Have a qualified attorney review any document before you rely on it or ask someone to sign it.
  • It is your responsibility to make sure any document you use meets your state's requirements and fits your specific circumstances.