Since partnerships have multiple owners, it is wise for a written agreement to provide guidelines for how the business will run and how the profits will be shared (and of course, how the liabilities will be shared). Partnership agreements are especially important for general partnerships, in which the owners have no liability protection from business debts or judgments (these could arise from lawsuits, contract disputes, unpaid invoices, etc.). General partnerships, who aren’t required to file anything with the Secretary of State, definitely should address liability and business control issues in their partnership agreements.
It can be tempting for individuals starting a new company to take shortcuts to save time or costs, but forgoing a partnership agreement should not be one of them. Executing a written agreement before business starts can be a safeguard against potential problems in the future.
The Preparation of your General Partnership
Unlimited revisions for 30 days along with lifetime customer support.
PACKAGE PRICE: $150
why prep xpress
-Californians have long desired a Legal Document Preparation Company that embodies the core principals of a concierge service. It has become increasingly difficult and extremely time consuming for a person to navigate the California Judicial System on their own. Even after you spend countless hours attempting to prepare your own documents, you have to spend another full day in Court trying to file your documents. If your documents are rejected, guess what, you start all over again. Sounds like fun right?
Other Companies have attempted to fill this void to no avail. While they will assist you in preparing your documents, they leave it up to you to file and subsequently serve your documents. You still end up confused and frustrated with the process. Prep Xpress has formulated a system that allows you to handle everything from the comfort of your home.
Speak with one of our Representatives.
Ask a Question.