Profit Sharing Agreement Between Partners Generator for United States

1. Tax Provisions: Specific tax treatment and obligations - include when partners have special tax considerations or international tax implications

2. Death or Incapacity: Procedures for handling profit sharing in case of partner death or incapacity - important for small partnerships or family businesses

3. Non-Competition: Restrictions on partners engaging in competing businesses - relevant when partners have access to sensitive information

4. Intellectual Property: Treatment of IP rights in profit calculations - include when business involves significant IP assets

5. Employee Profit Sharing: Terms for including employees in profit sharing - relevant when agreement extends beyond partners

6. International Operations: Special provisions for international profit sharing - include for businesses operating in multiple countries

7. Reinvestment Provisions: Terms for mandatory profit reinvestment - include when business growth is a priority

8. Insurance Requirements: Mandatory insurance coverage affecting profit calculations - important for high-risk businesses

1. Schedule A - Partner Information: Detailed information about each partner, including contact details and profit-sharing percentages

2. Schedule B - Profit Calculation Formula: Detailed mathematical formula and examples for calculating distributable profits

3. Schedule C - Distribution Timeline: Calendar of distribution dates and reporting deadlines

4. Schedule D - Initial Capital Contributions: List of all initial partner contributions and their valuations

5. Schedule E - Accounting Procedures: Detailed accounting policies and procedures for profit calculation

6. Appendix 1 - Sample Calculation: Example calculations showing how profits will be distributed in various scenarios

7. Appendix 2 - Required Financial Reports: Templates and formats for required financial reporting

8. Appendix 3 - Tax Treatment Summary: Summary of tax implications and treatment of distributions