Name: General Partnership Agreement
SKU: 2482
Availability: InStock

Start your General Partnership Agreement

We have our own legal team who will prepare the Partnership Agreement. Develop a comprehensive General Partnership Agreement to outline partner responsibilities, profit allocation, and decision-making authority. Ensure your partnership operates smoothly with clear legal terms. we will contact you if anything is missing. Get started with your agreement now!

Please Select Your Province

Built for Alberta
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Alberta

Built for British Columbia
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for British Columbia.

Built for Manitoba
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Manitoba

Built for New Brunswick
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for New Brunswick.

Built for Newfoundland and Labrador
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Newfoundland and Labrador.

Built for the Northwest Territories
Different provinces/territories have different rules and regulations. Your Partnership Agreement will be customized for the Northwest Territories.

Built for Nova Scotia
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Nova Scotia.

Built for Nunavut
Different provinces/territories have different rules and regulations. Your Partnership Agreement will be customized for Nunavut.

Built for Ontario
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Ontario.

Built for Prince Edward Island
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Prince Edward Island.

Built for Quebec
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Quebec.

Built for Saskatchewan
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Saskatchewan.

Built for the Yukon Territory
Different provinces/territories have different rules and regulations. Your Partnership Agreement will be customized for the Yukon Territory.

Partnership Details

Partnership Business Name

Phone

Email

Partnership Address:

Street Address City Province Postal Code

Partnership Details

Business Purpose

What are the usual business activities of the partnership?

Partnership Start Date

What is the start date for your partnership?

Partnership Duration

The partnership will continue:

Fixed Term End Date:

Partner Details / First Partner

Type:

Full Name:

Phone

Email

Address

Same as Partnership Address

Address

Street Address City Province Postal Code

Second Partner

Type:

Full Name:

Phone

Email

Address

Same as Partnership Address

Address

Street Address City Province Postal Code

Do you want to add another partner:

Third Partner

Type:

Full Name:

Phone

Email

Address

Same as Partnership Address

Address

Street Address City Province Postal Code

Do you want to add another partner:

Fourth Partner

Type:

Full Name:

Phone

Email

Address

Same as Partnership Address

Address

Street Address City Province Postal Code

Do you want to add another partner

Fifth Partner

Type:

Full Name:

Phone

Email

Address

Same as Partnership Address

Address

Street Address City Province Postal Code

Partner Details / Primary Partner Contributions

Provide a description of each partner's capital contributions

Describe all contributions made by this partner:

What is the total value of this partner's contributions?

Second Partner Contributions

Describe all contributions made by this partner:

What is the total value of this partner's contributions?

Third Partner Contributions

Describe all contributions made by this partner:

What is the total value of this partner's contributions?

Fifth Partner Contributions

Describe all contributions made by this partner:

What is the total value of this partner's contributions?

Fourth Partner Contributions

Describe all contributions made by this partner:

What is the total value of this partner's contributions?

Partners / Profit and Loss

How will your profits and losses be distributed?

First partner's share of profit or loss

Second partner's share of profit or loss

Third partner's share of profit or loss

Fourth partner's share of profit or loss

Fifth partner's share of profit or loss

Remember: The total for all partners should equal 100.00%

Partners / New Partners

Will your partnership allow new partners in future?

What is required to admit a new partner?

Partners / Partner Wants to Leave

What is the notice period required before a partner can withdraw?

Will your partnership dissolve on withdrawal of any partner?:

After a partner leaves, that partner cannot compete against your partnership for:

Partners / Dissolving the Partnership

What vote is required to dissolve your partnership?

How will assets be distributed when winding up your partnership?

What percent of the final dissolution distribution will each partner receive?

First partner's dissolution share:

Second partner's dissolution share:

Third partner's dissolution share:

Fourth partner's dissolution share:

Fifth partner's dissolution share:

Remember: The total for all partners should equal 100.00%

Accounting / Partner Compensation

Will the partners receive compensation for work done for the partnership?

Compensation would be in addition to a share of the profits.

Fiscal Year End

What is your fiscal year end?

Annual Reports

In addition to the federal income tax report, what other reports do you want to include in your annual report to partners?

Supporting income statement

Balance sheet

Cash flow statement

Profit and loss summary

Management

Who will be responsible for the day-to-day management of your partnership?

Major issues would still be determined with a vote of the partners.

Who will be the managing partner?

If necessary, how will you remove a managing partner?

Management

Voting

How will partnership votes be determined?

What vote will be required to make financial decisions?

What vote will be required to make business decisions?

Binding the Partnership in Contract

Who can bind your partnership in contract?

Percent vote to bind partners in contract:

Management

Partner Meetings

When will regular meetings be held?

Who can request special meetings?

Unanimous Consent

Which decisions will require the consent of all partners?

Who can sign company cheques.

Assume new debts over a certain amount.

Assume new expenses over a certain amount.

Sell a partnership asset over a certain value.

Hire new employees where salary is over a certain amount.

Fire employees.

Release partnership claims except for payment in full.

Decisions affecting the unusual use or lending of partnership equipment.

Annual salary limit:

Other

Additional Clauses

Do you want to include any additional terms or information?

How Many Additional Clause do you want add ?

First Additional Clause

Second Additional Clause

Third Additional Clause

Forth Additional Clause

Fifth Additional Clause

Sign & Witness

When will your agreement be signed?

Date

Are witness signatures needed?

Total Payment:

Price:

Incorporation Registration

Not-for-Profit Corporation

Professional Corporations

Extra-Provincial Registration

Co-op Corporation

Personal Real Estate Corporations

Holding Company

Shelf Corporations

E-Commerce Company

Amalgamation

Master Business License

sole proprietorship

Trade Name/DBA