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.
Editable Word + PDF
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See the Build plan →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
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- 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.

