Document background
The Small Business Partnership Agreement is essential for entrepreneurs and small business owners in Germany who wish to formalize their business relationship in accordance with German law. This document is particularly relevant when two or more individuals or entities decide to collaborate in a business venture while sharing profits, losses, and responsibilities. It addresses key aspects required under German partnership law, including provisions from both the Civil Code (BGB) and Commercial Code (HGB). The agreement should be used at the outset of forming a business partnership or when formalizing an existing informal partnership arrangement. It covers crucial elements such as capital contributions, profit distribution, management rights, decision-making processes, and partner obligations, while ensuring compliance with German regulatory requirements for small business operations.
