Partnership Agreement Forms

Further Information

A Partnership is a way of forming a business between two or more people. In essence, the partners agree to work together in the business and share the profits between them.

There are two main types: a traditional Partnership and the more recently introduced "Limited Liability Partnership" or "LLP." An LLP has to be registered with Companies House.

In a traditional partnership, if the business makes losses or is successfully sued, the individual partners are liable, this includes their personal possessions, homes, money etc. An LLP has limited liability, so is much safer for the partners, as they are not personally liable for any losses.

On the other hand, an LLP requires:

• registration (£95) at Companies House
• more strict (but not particularly difficult) administration to meet Companies House rules
• annual publication of accounts

In general, the LLP seems a better option for most businesses unless you are particularly confident about the risks (of losses or claims) of a traditional partnership or have reservations about revealing your accounts to the public (where your customers and competitors can inspect them).

We supply forms for either type of partnership: a traditional Partnership Agreement or LLP Agreement , (for England and Wales, and for Scotland) as well as special purpose partnership documents as listed on the menu to the left.

Samples

You can view samples online of the different types of Partnership Agreement template and documents on the pages in this section.

Related Documents

These documents are available individually, as part of our Business Annual Subscription (£99 own use) or as part of a Full Annual Subscription (£199 own use). These subscriptions give you access to wide range of documents, packages and forms for a single annual discounted fee.

If you are looking for a "partnership" between businesses, then maybe you really want our Joint Venture Agreement.