What You Should Include in Your Business Partnership Agreement

These are the important pieces to include in your Partnership Agreement. There are many options for handling each item. When I take clients through these items I explain many different possibilities they did not previously consider. For example, equal partners do not have to be paid equally. If one partner will do most of the work, that partner can draw a bigger salary if that's agreeable. The ownership remains at 50/50 despite differences in pay.

If one partner contributes more of the startup money but the partners still want a 50/50 arrangement, part of a partner's contribution can be treated as a loan for the business to repay.

To learn about creating a Partnership Agreement for your business, visit the TeachU website or drop Chris an email.

Have a suggestion for a future video? I'd love to hear it!
Chris

[muchixl]

I Appreciate your advice!! I am really looking forward to working on this

[amiralrikaby]

Great advice and really useful tips and scenarios

[pamelapellegrini]

This vedio was very helpful. Great info. Excellent communication .

[aondowasegabriel]

This video is awesome. It covers intricate issues, really insightful ❤

[mahiramar]

thankyou for englightment and your recomendation.about partnership.

[sharonwilliams]

Great information thank you. Do you have knowledge of business partners for non profit business

[willkumwenda]

This is an amazing video! Keep up the good work

[beimein]

Do you make agreements for people? If so, what is the cost for that?