Free Wyoming Partnership Agreement Step 1 of 22 4% Create your Partnership AgreementPlace of Business:AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming Different states have different rules and regulations. Partnership Agreement will be customized for . Partnership InformationPartnership name:Street address:City:State:AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingZIP code: Business PurposeWhat are the usual business activities of the Partnership?(e.g. Automobile restoration) Partnership Start DateWhat is the start date for your Partnership? Date Format: MM slash DD slash YYYY Fixed Term PartnershipThe partnership will continue:Indefinitely (until terminated by the Partners)Until a specified date (Fixed Term)Fixed Term End Date: Date Format: MM slash DD slash YYYY Partner InformationFirst PartnerType:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code)Second PartnerType:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Third PartnerType:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Fourth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address: (e.g. Street, City, State ZIP Code) Add another partner Fifth Partner Type: IndividualCorporationPartnership, Trust or LLCName: Address: (e.g. Street, City, State ZIP Code) Add another partner Sixth Partner Type: IndividualCorporationPartnership, Trust or LLCName: Address: (e.g. Street, City, State ZIP Code) Add another partner Seventh Partner Type: IndividualCorporationPartnership, Trust or LLCName: Address: (e.g. Street, City, State ZIP Code) Add another partner Eighth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Ninth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Tenth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Eleventh Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Twelfth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Thirteenth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Fourteenth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Fifteenth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Sixteenth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Seventeenth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Eighteenth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Nineteenth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Add another partner Twentieth Partner Type:IndividualCorporationPartnership, Trust or LLCName:Address:(e.g. Street, City, State ZIP Code) Partner ContributionsProvide a description of each Partner's capital contributions Partner #1Describe ALL contributions made by this Partner:Value of all contributions made by Partner #1:Partner #2Describe ALL contributions made by this Partner:Value of all contributions made by Partner #2:Partner #3Describe ALL contributions made by this Partner:Value of all contributions made by Partner #3:Partner #4 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #4:Partner #5 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #5:Partner #6 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #6:Partner #7 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #7:Partner #8 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #8:Partner #9 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #9:Partner #10 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #10:Partner #11 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #11:Partner #12 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #12:Partner #13 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #13:Partner #14 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #14:Partner #15 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #15:Partner #16 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #16:Partner #17 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #17:Partner #18 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #18:Partner #19 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #19:Partner #20 Describe ALL contributions made by this Partner:Value of all contributions made by Partner #20: Profit and Loss DistributionHow will your profits and losses be distributed?Equal shareIn proportion to capital contributionsFixed percentWhat is each Partner's share of profit or loss? Partner #1's profit/loss share:Partner #2's profit/loss share:Partner #3's profit/loss share:Partner #4's profit/loss share:Partner #5's profit/loss share:Partner #6's profit/loss share:Partner #7's profit/loss share:Partner #8's profit/loss share:Partner #9's profit/loss share:Partner #10's profit/loss share:Partner #11's profit/loss share:Partner #12's profit/loss share:Partner #13's profit/loss share:Partner #14's profit/loss share:Partner #15's profit/loss share:Partner #16's profit/loss share:Partner #17's profit/loss share:Partner #18's profit/loss share:Partner #19's profit/loss share:Partner #20's profit/loss share:Remember: The total for all Partners should equal 100.00% New PartnersWill your Partnership allow new Partners in future?YesNoWhat is required to admit a new Partner?Majority voteUnanimous vote When a Partner wants to leaveWhat is the notice period required before a Partner can withdraw?Three MonthsSix MonthsOne YearTwo YearsWill your Partnership dissolve on withdrawal of any Partner?YesNoAfter a Partner leaves, that Partner cannot compete against your Partnership for:Three MonthsSix MonthsOne YearTwo Years Dissolving the PartnershipWhat vote is required to dissolve your Partnership?Majority voteUnanimous vote (recommended)How will assets be distributed when dissolving your Partnership?Equal share for each PartnerIn proportion to capital contributionsFixed percentWhat percent of the final dissolution distribution will each Partner receive? Partner #1's dissolution share:Partner #2's dissolution share:Partner #3's dissolution share:Partner #4's dissolution share:Partner #5's dissolution share:Partner #6's dissolution share:Partner #7's dissolution share:Partner #8's dissolution share:Partner #9's dissolution share:Partner #10's dissolution share:Partner #11's dissolution share:Partner #12's dissolution share:Partner #13's dissolution share:Partner #14's dissolution share:Partner #15's dissolution share:Partner #16's dissolution share:Partner #17's dissolution share:Partner #18's dissolution share:Partner #19's dissolution share:Partner #20's dissolution share:Remember: The total for all Partners should equal 100.00% Partner CompensationWill the Partners receive compensation for work done for the Partnership?YesNoDo Not Specify Tax Elections Do you wish to elect out of the unified audit rules? Yes, every year if eligible The Partnership will decide annually Will the Partnership pass any assessed liability to its partners?Yes, in every caseThe Partnership will decide in each caseWho will be your Partnership Representative? Partner #1 Partner #2 Partner #3 Partner #4 Partner #5 Partner #6 Partner #7 Partner #8 Partner #9 Partner #10 Partner #11 Partner #12 Partner #13 Partner #14 Partner #15 Partner #16 Partner #17 Partner #18 Partner #19 Partner #20 Independent Professional Unsure/No Appointment (e.g. tax attorney firm or accounting firm)Selected Partnership RepresentativeWill the Partners indemnify the Partnership Representative?YesNoHow will the Partnership approve general decisions of the Partnership Representative?Majority VoteUnanimous VoteHow will the Partnership approve tax settlements proposed by the Partnership Representative?Majority VoteUnanimous Vote Fiscal Year EndWhat is your fiscal year end?JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberWhat is your fiscal year end?12345678910111213141516171819202122232425262728293031 Annual ReportsIn addition to the federal income tax report, what other reports do you want to include in your annual report to Partners? Supporting income statement Balance sheet Cash flow statement Profit and loss summary Management Who will be responsible for the day-to-day management of your Partnership?All Partners participateManaging PartnerMajor issues would still be determined with a vote of the Partners.Who will be the Managing Partner? Partner #1 Partner #2 Partner #3 Partner #4 Partner #5 Partner #6 Partner #7 Partner #8 Partner #9 Partner #10 Partner #11 Partner #12 Partner #13 Partner #14 Partner #15 Partner #16 Partner #17 Partner #18 Partner #19 Partner #20 Unsure Selected Managing PartnerIf necessary, how will you remove a Managing Partner?Unanimous vote of remaining PartnersMajority vote of remaining Partners Binding the Partnership in ContractWho can bind your Partnership in contract?Any PartnerPartnership voteWho can bind your Partnership in contract?Any PartnerPartnership voteManaging PartnerPercent vote to bind Partners in contract:Majority voteUnanimous vote Partner MeetingsWhen will regular meetings be held?WeeklyMonthlyQuarterlyAnnuallyOnly as requiredWho can request special meetings?Any PartnerMajority of PartnersDo Not Specify VotingHow will Partnership votes be determined?In proportion to capital contributionsIn proportion to profit shareAn equal vote for each PartnerWhat vote will be required to make financial decisions?Majority voteUnanimous voteWhat vote will be required to make significant business decisions?Majority voteUnanimous vote Unanimous ConsentWhich decisions will require the consent of all Partners? Who can sign company checks. Assume new debts over a certain amount. Single liability expense limit:(e.g. 25000, 100000) Assume new expenses over a certain amount. Single transaction expense limit:(e.g. 25000, 100000) Sell a Partnership asset over a certain value. Fair market value limit:(e.g. 25000, 100000) Hire new employees where salary is over a certain amount. Annual salary limit:(e.g. 25000, 100000) Fire employees. Release Partnership claims except for payment in full. Decisions affecting the unusual use or lending of Partnership equipment. Additional ClausesDo you want to include any additional terms or information?YesNoAdditional ClauseFirst Additional Clause Add Another Clause Second Additional Clause Add Another Clause Third Additional Clause Add Another Clause Fourth Additional Clause Add Another Clause Fifth Additional Clause Sign & WitnessWhen will your agreement be signed?TodayThis MonthUnsureSpecify Date Date Format: MM slash DD slash YYYY Are witness signatures needed?YesNo Skip this step for now Please wait, your document is being prepared. Idaho Partnership AgreementIowa Partnership AgreementLouisiana Partnership AgreementMassachusetts Partnership Agreement Minnesota Partnership AgreementMontana Partnership AgreementNew Mexico Partnership AgreementSouth Carolina Partnership Agreement South Dakota Partnership AgreementTennessee Partnership AgreementVermont Partnership AgreementWashington Partnership Agreement