Do It Yourself Legal Software
General Partnership Agreement

do it yourself Partnership software from Standard Legal

About the General Business Partnership Legal Forms Software

What is the General Business Partnership Legal Forms software?

You really have no idea how easy, and effective, it is to form a General Partnership with your business team! This Complete Business Partnership Software package will allow you, working with your partners, to create all the legal documents necessary to clearly outline the ownership structures, capitalization records, operations plans, financial shares and distribution schedules for your partnership. Partnerships allows for simple decision-making and administration; it's even easier with Standard Legal Software!

Complete details below...

GENERAL BUSINESS PARTNERSHIP AGREEMENT LEGAL FORMS SOFTWARE

You may already be aware that going into a business with some like-minded partners is a great way to get an enterprise off the ground. In fact, a complementary mix of business talents combined with a solid business plan, driven by honest team effort, can often bring success to a business venture much more quickly than the efforts of a single individual.

When starting up a business, however, it often makes sense for a new business partnership to forego the time and expense of incorporating a business until that business has proven its viability. Remaining in a General Partnership instead of filing as a corporation can reduce the administrative requirements and the tax burdens of the venture, until the types of protections offered by a corporation are absolutely necessary.

But for the venture to remain as a Partnership does not mean that some sort of comprehensive legal business structure should be completely lacking.

To make sure that every partner understands his or her role, responsibility and compensation, it is critical to outline the specific terms of the partnership upfront, focusing on ownership, capitalization and operational issues. These important business topics must be addressed at the early stages of development, so that there is no confusion or ill will amongst the partners later on.

Create the Agreement

To create such a comprehensive outline requires a highly detailed, well written legal document. That comprehensive legal document can be found in the Standard Legal Software General Partnership Agreement.

The General Partnership Agreement form can be used to establish the rules and requirements under which the partnership operates their business. This detailed document allows up to four partners to be involved.

Different from a Corporation

Although a General Partnership does not offer the level of liability protection to the partners that an incorporated business can offer to its shareholders, partnerships, as a rule, tend to be less cumbersome, easier to manage from an administrative standpoint and require few, if any, document filings with governmental agencies.

For ease of use, a General Partnership is often favored over other types of business arrangements. In fact, within the instructions contained within the software, Standard Legal provides a comprehensive description of every type of legal business structure available, so that the principals involved in the business can make certain they are selecting the best type of legal business filing for their enterprise.

To quickly, efficiently, and affordably create the General Partnership Agreement document that your business needs, Standard Legal Software is going to be the clear choice every time.

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Do It Yourself Legal Forms

Page Updated 5:48 PM Thursday 10/10/2013