The below checklist is designed to be used in conjunction with “The Ultimate Guide to Business Partnership Agreements“.
Decide if you need a lawyer or start with a template
Business name(s) and purpose Learn More
Partner areas of responsibilities Learn More
How much time each partner will commit Learn More
Contributions expected from each partner at start and if the partnership needs more capital Learn More
Ownership split among the partners based on monetary and time contributions initially and over time Learn More
Profit & loss distributions among partners Learn More
How will partner disputes be managed Learn More
How much power does each partner have to commit the partnership to legally binding agreements Learn More
How will changes in the partnership be handled including death, disability, exit, etc. Learn More
What is the process for adding new or promoting partners Learn More
What is the process for selling the partnership Learn More
Make sure you need a Partnership Agreement
If you’d like to start with a template, Rocket Lawyer has a step-by-step questionnaire for creating a custom business partnership agreement.