General Partnership Agreement Help Guides

5 Critical Business Licenses and Why They Are Essential
You have conducted extensive market research, drafted your business plan, completed a variety of legal documents, and finalized your mission statement. Your business is ready to open and thrive—or is it? Entrepreneurism is, at its core,......
13 Things to Think about before Starting a Business
The flash of inspiration is one of the greatest things about starting a new business. One day you wake up and have the simple solution to the most annoying problem; and you cannot believe no one else has figured it out! So you rush to the......
How to Make Your Partnership Work with a Shareholder Agreement
Starting a new business requires a lot of dedication and passion. This means that new business owners must pour all their time, energy, and effort into setting up their business for success in the short and long term. As entrepreneur Mark......
Qualities to Look for When Choosing a Business Partner
According to recent studies, two-thirds of all businesses fail. This means that a business has less than a 1 in 3 chance of succeeding. So, how can you make sure that your business is one of the 33% who succeed? The answer is by choosing the......
Top 9 Legal Documents You Need to Start Your Business
You would be surprised how few businesses actually get the most fundamental legal documents in place before starting up. However, having the right documents in place when you start is essential to your business's success. What are the most......
How to Start Your Own Business
There are a multitude of legal and business issues to consider when it comes to starting a business. Everything from your business’s name, to its structure, to its operation, has legal implications. The following article is a great place to......
How Are Partnerships Taxed?
You either already have a general partnership or are thinking of starting one and you’re wondering what the tax implications will be. Well, there’s good news and there’s bad news. The good news is that partners can report their income on their......
How to Create a General Partnership Agreement
What Is a General Partnership Agreement? A general partnership agreement is the key agreement between the partners that dictates the general aspects of how the partnership will be run. This document is essential for spelling out each partner’s......
What are the Advantages of Incorporating?
There are many important considerations that an individual must take into account when planning to open their own business. Successful businesses depend on many different elements coming together into a singular and cohesive process that......
The Pros and Cons of Starting a Partnership
There are several components required to properly form a partnership. Firstly, the intentions of all the parties involved need to be clearly stated in writing. Secondly, the manner in which the profits or losses are shared amongst the partners......