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GP and LP variants

Generate a partnership agreement that prevents fights. Now, while everyone is friends.

A partnership without an agreement is a partnership waiting to fail. State default rules (Uniform Partnership Act, RUPA) split everything 50/50 regardless of contribution, give every partner veto rights, and dissolve the partnership when one partner leaves. Your agreement overrides the defaults. We generate GP and LP agreements with capital, profit splits, decision rights, exit terms, and dispute-resolution clauses.

All 50 states + DC 60-day money-back SOC 2 Type II
How it works

How we handle Partnership Agreement, end-to-end.

A partnership without an agreement is a partnership waiting to fail.

1

Pick GP or LP

General partnership (all partners share management and liability) or limited partnership (general partner manages, limited partners are passive with limited liability). Different templates with different rules.

2

Configure capital and splits

Initial capital contribution per partner, profit split (often weighted by contribution rather than equal), loss split (often the same as profit, sometimes different), distribution timing.

3

Decision rights

Which decisions need majority, supermajority, or unanimous vote. Standard structure: routine decisions = majority, large expenses = supermajority, fundamental changes (sell the business, take on debt) = unanimous.

4

Exit terms

What happens when a partner wants out. Buyout formula (book value, multiple of EBITDA, appraisal), payment terms (lump sum vs. installments), restrictive covenants (non-compete, non-solicit).

What we'll set up for you

A clean handoff, in four steps.

You give us the basics. We handle the state, the IRS, and the compliance clock so you can focus on the business.

01 · Name + Brand

A name that's actually available.

Real-time check against the state register, USPTO trademark database, and matching domains.

02 · State filing

Filed with the Secretary of State.

We submit your Articles, pay the state fee on your behalf, and return the stamped certificate.

03 · Federal IDs

EIN + the right tax setup.

Federal Employer ID with the IRS, plus state tax accounts when your business needs them.

04 · Stay compliant

Registered Agent + deadline tracking.

Your agent on file in every state, with every renewal and annual report tracked in one calendar.

Pricing

Transparent partnership agreement pricing.

Government fees pass through at cost. No upsells.

Generate

$0
Unlimited agreements.

Generate GP or LP agreements in any volume. Free forever. State filing is separate (only required for LP).

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Pro + Custom

$699
Attorney-reviewed customizations.

Generated agreement plus attorney review for custom partnership structures (cascading distributions, multiple classes of partners, sophisticated tax structures). For real estate, investment funds, or family partnerships.

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FAQ

About the Partnership Agreement Generator.

Do I need a partnership agreement?
Yes. Without one, state default rules apply: 50/50 split regardless of contribution, every partner has veto on everything, partnership dissolves when one partner leaves. These defaults are almost never what the partners want.
What is the difference between LLC and partnership?
LLC has limited liability for all members and federal default pass-through taxation. Partnership has unlimited liability for general partners and federal partnership taxation. Most modern businesses use LLCs instead of partnerships. Partnerships are common for: real estate (some tax benefits), family wealth (FLPs), investment funds (LPs).
What is a Certificate of Limited Partnership?
State filing required to form an LP. Without filing, your LP is treated as a general partnership and limited partners lose their liability protection. We include the filing in our Agreement + LP filing tier.
Can I have unequal profit splits?
Yes. Override RUPA's 50/50 default with whatever split the partners agree to. Common patterns: weighted by capital contribution, weighted by labor (sweat equity), or hybrid. Tax treatment follows the split.
What happens if a partner wants to leave?
Depends on the buyout terms in the agreement. Common: remaining partners have right of first refusal to buy the leaving partner's interest at the formula price (book value, EBITDA multiple, or appraisal). Payment over 3-5 years is standard.
Is unanimous consent really required for major decisions?
Default under RUPA, but the agreement can lower the threshold. Many partnerships use supermajority (75% or 80%) instead of unanimous to avoid one partner blocking everything. We default to supermajority for large decisions and unanimous only for fundamental changes.
Why File.Business

Premium compliance, no service-fee markup.

Trust you can verify

SOC 2 Type II audited platform. 220,000+ businesses served. 60-day money-back on service fees. State fees passed through at cost with no hidden markup. Explicit AUP on restricted industries.

A compliance partner, not a transaction

Most providers go quiet after checkout. We auto-track every annual report, registered agent renewal, and license deadline across your entities. The Business OS dashboard keeps your compliance score visible year-round.

Premium experience competitors cannot match

Premium positioning, transparent pricing, no service-fee markup on state or federal filings. Premium positioning, transparent pricing, no service-fee markup on state filings.

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No state-fee markup. Pay only the state fee. 60-day money-back guarantee.

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