Alex Denne

Growth @ Genie AI | Introduction to Contracts @ UCL Faculty of Laws | Serial Founder

Drafting Your Own LLC Partnership Agreement

9 Jun 2023

36 min

Legal

Note: Links to our free templates are at the bottom of this long guide.
Also note: This is not legal advice

Introduction

Having an LLC (Limited Liability Company) Partnership agreement in place is a necessity for any business. It’s an invaluable document that provides protection from personal liability, helps to prevent misunderstandings and disputes, and can provide substantial tax savings. At Genie AI, the world’s largest open source legal template library, we understand the importance of having a high-quality LLC partnership agreement and have developed a step-by-step guide to help you draft one yourself.

With millions of data points informing Genie AI’s artificial intelligence as to what a market standard LLC partnership agreement looks like, anyone can draft and customize these legal documents without paying costly lawyer fees. Not only are our templates convenient but they are also designed with your needs in mind - allowing you to spend less time worrying about paperwork and more time running your business.

An LLC partnership agreement should outline the rights and obligations of each partner in addition to their respective interests in the company. It should also clarify each partner’s roles and responsibilities within the company as well as defining the process for making decisions and resolving disputes. The agreement should also include provisions for profit/loss distribution and ownership interest allocation; this ensures all parties are on board with how profits will be specificially divided up within the company.

Although having an LLC partnership Agreement is advantageous for any business it is especially important when it comes to protecting both partners from personal liability - in event that something goes wrong with the business or if it is sued, this ensures that each partner’s personal assets remain safe from harm or seizure whilst at no point violating local laws or regulations. In addition these agreements often allow businesses take advantage of various tax incentives available so they can make sure their money remains where it belongs - with them!

Here at Genie AI we want businesses everywhere to be able secure themselves legally without taking out huge loans or paying expensive lawyer fees so if you want more information on how you can benefit from our free template library then read on below!

Definitions

LLC Partnership Agreement: A legally binding contract between two or more people who wish to form a business together. It outlines the rights and responsibilities of the partners, including how they will manage the business, divide profits, and resolve any disputes.

Voting Rights: The rights of each partner to make decisions in a business, based on a majority or consensus vote.

Dispute Resolution Process: A system of rules and procedures for resolving disagreements between partners in a business.

Consensus: An agreement among all parties in a business on a particular decision or issue.

Dissolution: The termination of a business, partnership, or other legal entity.

Filing Status: The way a business or other legal entity is registered with a government agency for tax and legal purposes.

Tax Responsibilities: The duties of each partner in a business to file taxes, pay estimated taxes, and report any income or losses.

Tax Benefits: Deductions or credits that reduce the tax burden of a business or other legal entity.

Amendment: A change to an existing legal document or agreement.

Renegotiation: A process in which two or more parties renegotiate the terms of a legal agreement.

The Definition of an LLC Partnership Agreement
How to Choose the Right Members for an LLC Partnership
Research potential members
Consider different skill sets
Consider different contributions and investments
Drafting the Agreement
Identify the purpose of the LLC
Determine the rights and responsibilities of each partner
Include management structure, voting rights, and dispute resolution process
Include how profits and losses will be allocated
Legal Issues to Consider
Determine the state where the agreement will be filed
Ensure all parties comply with local laws
Consider any necessary licenses and permits
Consider any necessary insurance
Structuring the Agreement
Determine the relationship between the members
Establish the rules and regulations for the partnership
Decide how decisions will be made
Outline the rights and responsibilities of each partner
Outline the termination process
Tax Implications
Determine the filing status of the LLC
Determine the tax responsibilities of each member
Determine the taxes that need to be paid
Consider any relevant tax benefits
Filing and Registering the Agreement
Research the filing requirements of the state
Gather the necessary documents and paperwork
Submit the agreement for approval
Obtain an LLC Certificate of Formation
Renegotiating or Terminating the Agreement
Consider the reasons for changing the agreement
Determine the best way to make changes to the agreement
Outline the necessary steps to terminate the agreement
Protecting Your Interests
Consider the risks of entering into the agreement
Outline the necessary steps to protect your interests
Consider any relevant insurance policies
Conclusion
Review the agreement to ensure all parties are in agreement
Sign and date the agreement
File the agreement with the necessary government agencies

Get started

The Definition of an LLC Partnership Agreement

Understand what an LLC partnership agreement is and why it’s important: an LLC partnership agreement sets out the terms and conditions of the business relationship between two or more partners, and sets out the rights and responsibilities of each partner
Draft the agreement with the help of a lawyer or legal counsel
Outline the roles, responsibilities, and management of the business
Determine the percentage of ownership of each partner, and their rights in the event of dissolution
Address any additional provisions, such as dispute resolution or additional contributions
Finalize the agreement by having all partners sign
Once all partners have signed, the LLC partnership agreement is legally binding
Keep a copy of the agreement for your records
Check off this step and move on to the next step: How to Choose the Right Members for an LLC Partnership

How to Choose the Right Members for an LLC Partnership

Review the qualifications and experience of each potential member to ensure they have the skills and resources necessary to contribute to the LLC
Have an honest discussion with each potential member to ensure they understand the expectations of being part of the LLC, such as financial or time commitments, and to make sure they are willing to commit
Research the background of each potential member to ensure they have a good reputation and that their values align with those of the LLC
Make a final selection of members based on the qualifications, experience, and willingness and ability to commit to the LLC
Once you’ve chosen the right members, you can check this step off your list and move on to the next step of researching potential members.

Research potential members

Check references of potential members
Make sure potential members have the required skill sets
Ensure potential members have the same vision as you for the LLC
Conduct interviews with potential members to get a better understanding of their commitment to the LLC
Verify potential members have the financial means to invest in the LLC

When you can check this off your list and move on to the next step:

Once you’ve conducted thorough research on potential members and are satisfied with their skill sets, commitment, and financial means, you can move on to the next step.

Consider different skill sets

Brainstorm the different skills that each potential partner can bring to the LLC
Identify the skills that are most important for the LLC to have
Assess how each potential partner will contribute to the LLC based on their skill set
Make sure that each partner’s skills are complementary
Discuss any potential conflicts or overlaps in skills
When you have identified the skill sets that each partner will bring to the LLC, you can move on to the next step of considering different contributions and investments.

Consider different contributions and investments

Identify the contributions that each partner will make to the business, such as money, property, services, or a combination of all three.
Specify the investments each party is making into the business, including the amount each partner is investing and the percentages of ownership each partner will receive.
Consider the different roles each partner will have in the business, such as a manager or an owner.
Make sure each contribution and investment is documented in the agreement.

You can check off this step when you have identified the contributions and investments each partner is making, and you have documented this in the agreement.

Drafting the Agreement

Gather the information from the previous step and assemble it into an agreement
Determine what type of agreement you need (operating agreement or partnership agreement)
Outline the LLC structure and ownership
Include information on capital contributions and voting rights
Note the management structure and duties of the members
Describe the procedure for admitting new members
Specify how profits and losses will be distributed
Include any other relevant information
Have the agreement reviewed and signed by all members

You’ll know that you’ve completed this step when you have a signed agreement that outlines the LLC structure and ownership, management structure, voting rights, capital contributions, and any other relevant information.

Identify the purpose of the LLC

Research the type of LLC you want to form and the goals of the business
Determine why you are entering into a partnership and what you and your partners want to achieve
Draft a mission statement that describes the purpose of the LLC
Decide what type of business structure works best for you and your partners
When you have a clear understanding of the purpose of your LLC and the rights and responsibilities of each partner, you can check this step off your list and move on to the next step.

Determine the rights and responsibilities of each partner

Brainstorm the roles each partner will play within the LLC
Decide on a capital contribution each partner will make
Decide who will manage day-to-day operations
Decide who will be responsible for major decisions and share control
Outline the special rights and responsibilities each partner will have (if applicable)
Decide how profits and losses will be split
Identify the duties each partner will be responsible for
Outline the restrictions on each partner’s authority

You’ll know you are finished with this step when you have identified and listed each partner’s rights and responsibilities within the LLC.

Include management structure, voting rights, and dispute resolution process

Decide who will manage the LLC and how decisions will be made
Describe how each partner will contribute to the LLC
Lay out how voting rights will be distributed among the partners
Specify how disputes among the partners will be handled
Outline the process for adding new partners to the LLC
When you have determined the management structure, voting rights, and dispute resolution process, you can move on to the next step.

Include how profits and losses will be allocated

Establish who will be the managing partner and who will be the partner, if applicable
Decide how the profits and losses of the business will be allocated
Outline the contribution of each partner, if applicable
Specify how any capital contributions will be repaid
Include provisions for how to handle withdrawals or investments by the partners
Include a clause dictating how to handle the death of a partner
When you’ve made decisions on how profits and losses will be allocated, include them in the LLC partnership agreement and make sure all partners sign it.

Legal Issues to Consider

Consider the legal ramifications of forming a partnership, including tax implications, legal obligations, and liabilities
Research local state laws to ensure the agreement is legally binding
Determine if a non-compete or non-disclosure agreement is necessary
Make sure that the agreement is clear and enforceable
When you are finished, you will have an understanding of the legal obligations of the parties and the agreement will be compliant with all applicable laws.

Determine the state where the agreement will be filed

Research the laws in the state or states that the LLC will operate in
Consult with a lawyer familiar with the laws in your state to make sure all parties’ rights and responsibilities are protected
Determine the state where the agreement will be filed and make sure to meet the requirements of that state
When you have determined which state to file the agreement in, you can check this step off your list and move on to ensuring all parties comply with local laws.

Ensure all parties comply with local laws

Research the local laws for the state in which the LLC Partnership Agreement will be filed.
Make sure that all parties involved in the agreement are compliant with all applicable laws in the state.
Consult a lawyer to advise on any specific legal requirements that must be met.
Once you have researched all of the local laws and consulted a lawyer, you can check this step off your list and move on to the next step.

Consider any necessary licenses and permits

Determine if any licenses or permits are required for the business activities of the LLC
Research the requirements of the licenses and permits needed
Contact the local government office to confirm the application process
Gather all the necessary documents and submit the application for the licenses and permits
Wait for approval of the license and permit
When approval is received, you can check this off your list and move on to the next step.

Consider any necessary insurance

Determine what type of insurance is required for your LLC partnership, such as liability insurance, business insurance, or professional indemnity insurance
Research the different insurance policies available for LLCs and the costs associated with them
Compare the policies and decide which one best suits your LLC partnership’s needs
Once you have decided on the best policy for your LLC, purchase the policy and make sure to keep all records of the insurance policy
Check off this step from your list and move onto the next step of structuring the agreement

Structuring the Agreement

Review the specific legal requirements and guidelines of the state you are forming the LLC in
Establish the rights and obligations of the members, including how decisions will be made and profits and losses will be allocated
Decide on the management and voting structure of the LLC
Determine the percentage of ownership of each member
Draft a document outlining the agreement and have it reviewed by a lawyer

You can check this off your list when you have reviewed the specific legal requirements and guidelines of the state you are forming the LLC in, established the rights and obligations of the members, decided on the management and voting structure of the LLC, determined the percentage of ownership of each member, and drafted a document outlining the agreement and have it reviewed by a lawyer.

Determine the relationship between the members

Review the LLC’s Articles of Organization to confirm the roles of the members
Consult with a lawyer or other legal professional to understand the legal implications of the relationship between members
Decide how members will be able to make decisions and how disputes will be resolved
Establish rules and regulations for how profits and losses will be distributed among members
Consider whether members should have any special rights or obligations
Draft a written agreement outlining the relationship between the members

Once the agreement has been drafted, reviewed and signed by all members, the step is complete.

Establish the rules and regulations for the partnership

Make a list of all the rules and regulations that should be included in the agreement
Discuss the rules and regulations with the other members of the LLC
Incorporate all of the rules and regulations into the LLC partnership agreement, and make sure the agreement is properly signed and witnessed
When the agreement is signed and witnessed by all parties, you can move on to the next step.

Decide how decisions will be made

Determine the voting structure for making decisions - will all partners have an equal vote or will one partner have a larger percentage?
Agree on how to handle tie votes - will you need to take a vote again or will you have to make a unanimous decision?
Specify how decisions are to be recorded - will minutes of meetings be taken or will voting be done via email?
Decide if any decisions require the approval of all partners or if a majority vote will suffice
When you have specified the voting structure and how decisions are to be made, you can check this off your list and move on to the next step.

Outline the rights and responsibilities of each partner

List the roles and duties of each partner, such as who is responsible for managing the business, making decisions, and signing legal documents
Identify what resources, such as money, equipment, or services will be provided by each partner
Specify the ownership percentage of each partner
Set expectations for how much each partner will be paid, if at all
Detail how profits and losses will be distributed among partners
Establish processes for resolving disputes
When you have outlined each partner’s rights and responsibilities, you have completed this step and can move on to the next step.

Outline the termination process

Establish the process for terminating the partnership, including how to handle any outstanding debt or assets
Include a clause for dissolving the partnership in the event of a disagreement between partners
Include a clause for how the partnership can be terminated if there is a death or disability of a partner
Establish the process for deciding who will be the successor partner if one partner wishes to terminate the partnership
Include a clause for how the partnership can be terminated if a court orders the dissolution
Include a clause for how the remaining partner(s) can purchase the interest of the partner who wishes to terminate
Include a clause for how the assets and liabilities of the partnership will be distributed in the event of a dissolution
When you have outlined all the details of the termination process, you can check this off your list and move on to the next step.

Tax Implications

Research tax implications for LLCs in your state
Consult with a tax professional to ensure that you have the correct filing status and have taken advantage of all applicable deductions
Make sure to include any tax-related information in the agreement, such as who will be responsible for filing taxes and who will be responsible for any tax liabilities
Once you have determined the filing status of the LLC, you can move on to the next step.

Determine the filing status of the LLC

Determine whether the LLC should be a partnership or a corporation
Consult with an accountant or lawyer to determine the best filing status for the LLC
Explore the pros and cons of each filing status and decide which one is best for the LLC
File the appropriate form with the Secretary of State or local government
Document the decision and filing status of the LLC in the partnership agreement
When the filing status has been determined and the appropriate forms have been filed, this step is complete.

Determine the tax responsibilities of each member

Research the federal and state tax laws that apply to the LLC and its members
Decide who will be responsible for filing taxes, such as the individual members or the LLC itself
Determine the tax deductions that each member can take
Make sure to keep records of all the taxes paid

You can check this off your list and move onto the next step when you have concluded all research and made decisions on the tax responsibilities of each member.

Determine the taxes that need to be paid

Research which taxes the LLC will be required to pay, both at the state and federal level
Make sure to consult an accountant or other financial professional to ensure accuracy
Consider whether the LLC will be taxed as a partnership, corporation, or other entity
Decide if the members will be taxed individually or if the LLC will be taxed as a single entity

Once all the tax information has been gathered and researched, you will be able to check this step off your list and move onto the next step.

Consider any relevant tax benefits

Review the tax benefits offered by forming an LLC
Talk to your accountant or tax professional to learn more about the potential tax benefits
Consider the tax implications of the LLC structure with your lawyer
Research the IRS guidelines for LLCs and determine which benefits are applicable to your situation
Decide if any of the tax benefits are beneficial to your specific LLC
Once you have made a decision on the tax benefits you want to take advantage of, you can check off this step and move on to the next.

Filing and Registering the Agreement

Visit the website of the Secretary of State’s office in the state in which the LLC will be registered
Obtain the forms needed to file the LLC Partnership Agreement
Complete the forms and submit them to the Secretary of State’s office with the appropriate filing fee
Receive an acknowledgment of the filing and be sure to keep this on record
You will know this step is complete once you receive an acknowledgment of the filing from the Secretary of State’s office.

Research the filing requirements of the state

Review the state’s Secretary of State website to determine the business entity filing requirements.
Make sure to pay attention to the state’s fee structure, filing procedures, and other requirements, such as the need to include a copy of the LLC Partnership Agreement.
Research the state’s filing requirements to determine if you need to include any other documents with your LLC Partnership Agreement.
Once you have reviewed the state’s filing requirements and you have all the necessary documents ready to be submitted, you can move on to the next step.

Gather the necessary documents and paperwork

Collect all the necessary documents and paperwork, such as the articles of organization, business license, and certificates of authorization
Gather any relevant documents from any third-party organizations, like banks and suppliers
Collect information regarding the partnership and all its members, such as their personal information, contact information, and financial information
Check that you have all the necessary documents, paperwork, and information needed to draft the LLC Partnership Agreement
Once you have all the documents, paperwork, and information needed, you can move on to the next step of submitting the agreement for approval.

Submit the agreement for approval

Prepare the partnership agreement for filing with the state.
Submit the agreement to the secretary of state along with the necessary filing fee.
Wait for the state to review and approve the agreement.
Once the state has approved the agreement, you will receive confirmation and the LLC will be legally formed.

Obtain an LLC Certificate of Formation

Research the laws that apply to your LLC in the state it is based in
File the Certificate of Formation with the state’s Secretary of State office
Pay the applicable filing fees
Wait for the state to approve the Certificate of Formation
Once the Certificate of Formation is approved, you will receive a copy of the document
Check that the information on the approved Certificate of Formation is correct
Once you have obtained an LLC Certificate of Formation, you can move on to the next step of drafting your LLC partnership agreement.

Renegotiating or Terminating the Agreement

Consult the other partners in the LLC about any potential changes that need to be made to the agreement
Determine why the agreement needs to be changed and how the changes should be implemented
Draft a new version of the agreement that reflects the changes that were discussed with the other partners
Present the new version to the other partners for review and discussion
Make any necessary changes to the agreement based on the feedback and suggestions of the other partners
Have each partner sign the updated version of the agreement
File the updated agreement with the LLC’s governing state
Once all partners have signed the updated agreement and it has been filed with the LLC’s governing state, you will have successfully renegotiated or terminated the agreement.

Consider the reasons for changing the agreement

Identify what needs to be changed or updated in the existing LLC partnership agreement
Consider the underlying reasons why the agreement needs to be changed, such as the addition of new partners, changes in the business structure, or modifications to the rights and responsibilities of the partners
Determine how the changes will affect the existing agreement and the partners
Consider any potential legal or financial implications of the changes
Once you have reviewed the reasons for changing the agreement, you can move on to the next step in the process.

Determine the best way to make changes to the agreement

Research the state laws that may apply to the agreement
Consult with a lawyer to ensure you are following the best practices
Determine the best method for communicating changes to the agreement, such as in person, through email, or through a meeting
Draft a proposed amendment to the agreement outlining the changes
Have all parties sign and date the amendment
File the amendment with the appropriate state or local office
Once all steps are completed, you can check this off your list and move on to the next step.

Outline the necessary steps to terminate the agreement

Consult your state’s laws regarding LLC partnership agreements.
Talk with your partner, or the other partners if there are more than two, to determine the terms of the agreement termination.
Put the agreement termination terms in writing.
Include details of the legal agreement that both parties must sign in order to confirm the termination of the LLC partnership.
If there are multiple partners, make sure all parties sign the agreement before it is finalized.
File the termination agreement with the state and keep a copy for your records.

How you’ll know when you can check this off your list and move on to the next step:

You will know you have successfully completed this step when all parties have signed the termination agreement and it has been filed with the state.

Protecting Your Interests

Consider including provisions that protect each partner’s interests in the event of a dispute
For example, include a dispute resolution process such as mediation or arbitration
Include clauses that protect each partner’s financial interests in the event of a dispute
Consider addressing intellectual property rights, non-compete clauses, and other important issues
Outline how profits and losses will be distributed
Make sure the agreement is in compliance with all applicable laws
When you have addressed all of these issues, you can check this step off your list and move on to the next step.

Consider the risks of entering into the agreement

Research each partner’s individual risk factors, including financial stability, background, and credit score
Consult a lawyer to understand potential risks you may face when entering into a partnership
Identify any potential liabilities or risks associated with the business venture
Consider how the partnership will be taxed and what the tax liabilities may be
Review the agreement to make sure all risks are addressed and that you are adequately protected
When you have reviewed all the risks associated with the agreement and have consulted with a lawyer, you can check this step off your list and move to the next.

Outline the necessary steps to protect your interests

Research the laws in your state for forming a partnership agreement
List the details of the partnership that both parties agree to, such as ownership shares, management responsibilities, and how profits will be divided
Outline the terms of the partnership agreement, including the duration, how to dissolve the agreement, and other contingencies
Have each party review and sign the partnership agreement
File the agreement with your state or local government
Have each party keep a copy of the signed agreement

Once you have completed these steps you can check off this item from your list and move on to the next step.

Consider any relevant insurance policies

Research potential insurance policies for your LLC, such as general liability insurance, property insurance, or any other policies that may be relevant to your business.
Contact insurance providers to compare policies and obtain quotes.
Decide which insurance policies you want to purchase and include them in your partnership agreement.
Make sure your insurance policies are up to date and provide sufficient coverage.
When you have the necessary coverage outlined in your agreement, you can move onto the next step.

Conclusion

Carefully review the entire agreement to make sure that all parties are in agreement.
Make sure that all details, including ownership percentage, obligations, and responsibilities are included in the document.
All parties should sign and date the agreement.
Have all forms and documents notarized, if necessary.
File the necessary paperwork with the state.
Once the filing is complete, the LLC partnership agreement is in effect.

How you’ll know when you can check this off your list and move on to the next step:

You can check this off your list and move on to the next step when all parties have signed, dated, and notarized the agreement, and it has been filed with the state.

Review the agreement to ensure all parties are in agreement

Read through the LLC Partnership Agreement thoroughly, ensuring all parties are in agreement with the contents
Discuss any changes or additions to the agreement with all parties
Resolve any disputes or disagreements among the parties
Make necessary updates or amendments to the agreement
Once all parties are in agreement, you are ready to move onto signing and dating the agreement.

Sign and date the agreement

Each partner should sign and date the agreement
All signatures should be witnessed and notarized
When all partners have signed and dated the agreement, it is considered legally binding
Check that all sections of the agreement are completed and signed before filing

File the agreement with the necessary government agencies

Contact the Secretary of State’s office in your state to determine the filing requirements for a Limited Liability Company (LLC) Partnership Agreement.
Gather the necessary documents and information needed to file the agreement, such as a completed articles of organization form, list of members, and other relevant documents.
Submit the necessary documents, forms, and applicable fees to the Secretary of State’s office.
You will know you have completed this step when you receive a confirmation or receipt of filing from the Secretary of State’s office.

FAQ

Q: How do I know which jurisdiction my LLC Partnership Agreement is governed by?

Asked by Isabella on October 10th, 2022.
A: Your LLC Partnership Agreement will be governed by the jurisdiction in which it was formed. If you are forming an LLC in the United States, you will need to comply with the laws of the state in which it is registered. If you are forming an LLC in the United Kingdom, you will need to comply with UK corporate law. The same goes for any other country in which you are forming an LLC, such as the European Union. It is important to consult with a lawyer in order to ensure that your LLC Partnership Agreement meets all applicable legal requirements.

Example dispute

Suing a LLC Partnership Agreement

Plaintiff might reference the LLC Partnership Agreement when raising a lawsuit if the Agreement was not followed by one or more of the partners.
The lawsuit might include claims that the Agreement was breached, and the plaintiff might seek damages for any losses or harm caused by the breach.
The plaintiff must prove that the Agreement was breached, that the breach caused their losses or harm, and that the Agreement was legally enforceable.
The settlement of the lawsuit may involve the partners in the LLC Partnership Agreement paying damages to the plaintiff, or the Agreement may be amended or modified to address the breach.
The damages awarded to the plaintiff may be calculated based on the financial losses or harm suffered due to the breach.

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Introduction

Definitions

Contents

Get started

The Definition of an LLC Partnership Agreement

How to Choose the Right Members for an LLC Partnership

Research potential members

Consider different skill sets

Consider different contributions and investments

Drafting the Agreement

Identify the purpose of the LLC

Determine the rights and responsibilities of each partner

Include management structure, voting rights, and dispute resolution process

Include how profits and losses will be allocated

Legal Issues to Consider

Determine the state where the agreement will be filed

Ensure all parties comply with local laws

Consider any necessary licenses and permits

Consider any necessary insurance

Structuring the Agreement

Determine the relationship between the members

Establish the rules and regulations for the partnership

Decide how decisions will be made

Outline the rights and responsibilities of each partner

Outline the termination process

Tax Implications

Determine the filing status of the LLC

Determine the tax responsibilities of each member

Determine the taxes that need to be paid

Consider any relevant tax benefits

Filing and Registering the Agreement

Research the filing requirements of the state

Gather the necessary documents and paperwork

Submit the agreement for approval

Obtain an LLC Certificate of Formation

Renegotiating or Terminating the Agreement

Consider the reasons for changing the agreement

Determine the best way to make changes to the agreement

Outline the necessary steps to terminate the agreement

Protecting Your Interests

Consider the risks of entering into the agreement

Outline the necessary steps to protect your interests

Consider any relevant insurance policies

Conclusion

Review the agreement to ensure all parties are in agreement

Sign and date the agreement

File the agreement with the necessary government agencies

FAQ

Q: How do I know which jurisdiction my LLC Partnership Agreement is governed by?

Example dispute

Suing a LLC Partnership Agreement

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