Small Business Partnership Agreement Template – US

Disclaimer

The content provided is intended solely as a general example for informational purposes related to partnership agreements between small business entities in the United States. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in business law or contractual agreements. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

Please be advised: This is a preliminary template for a Small Business Partnership Agreement in the United States, provided for illustrative purposes only. Actual terms and legal requirements may differ based on specific circumstances and jurisdiction.

Sample Small Business Partnership Agreement (US)

Parties Involved:

Partner 1: ABC Consulting LLC
Address: 123 Business Rd., New York, NY 10001

Partner 2: XYZ Innovations Inc.
Address: 456 Commerce Ave., New York, NY 10002

Purpose of Partnership:

The purpose of this partnership is to collaboratively operate a small business focused on providing consulting and innovative solutions within the United States market.

Capital Contributions:

Partner 1 shall contribute $50,000 in cash, and Partner 2 shall contribute equipment valued at $25,000, as initial capital to the partnership.

Profit and Loss Sharing:

Profits and losses shall be shared equally between the partners unless otherwise agreed in writing.

Management and Responsibilities:

Each partner shall be responsible for managing daily operations in accordance with mutually agreed-upon procedures. Major decisions require unanimous consent.

Governing Law:

This agreement shall be governed by the laws of the State of New York. Disputes will be resolved within the jurisdiction of New York courts.

Additional Provisions:

• Partners agree to keep accurate financial records and provide regular updates.
• Any amendments to this agreement must be in writing and signed by both partners.
• In case of dissolution, assets shall be liquidated and debts settled prior to distribution of remaining funds.

New York, ______________________