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Partnership Help Guides

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......
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 Dissolve a Partnership
No matter how well a business is run or how successful a business becomes, there are times when personal conflicts with business partners might arise, or a disagreement about the direction of a company can occur. Many times these disagreements......
The Buyout Agreement
What Makes a Successful Partnership? A successful business is dependent upon all of the individuals who make up the business team working together toward a unified goal. Many times, this goal can be as simple as generating larger profits. Each......
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......
How Taxes Affect a Partnership
For many small businesses, one of the most complicated and stressful aspects of the operations process is the act of calculating and paying business taxes. This process can become overwhelming when business owners consider employee withholding......
What Is Your Liability In a Partnership?
Partnerships are an excellent vehicle for individuals with a certain skill set to become a business owner without having to go it alone and risk all of their own assets in the process. Partnerships can also be a lucrative investment platform......
How to Sell Your Business
Regardless of the type of business a person or group of individuals has, there are times during the course of the life of that business where the owner or owners might need to discuss placing the business up for sale. Whether the business is a......
How to Set Up Your Business
Many people operate a small business out of their home or operate as a self-employed individual and never take the opportunity to establish themselves as a formal business entity. While this is not an issue with smaller or part-time......
Should You Change Your Business Structure?
Two of the most common business structures that people utilize when first forming their own business is a sole proprietorship or some form of partnership. While these two common business structures are well-suited to startup businesses as well......