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General Partnership Agreement
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We have our own legal team who will prepare the Partnership Agreement. We have made it very simple and easy. All you need to do is, filling out this step by step form, pay and submit. Our specialist will review your submitted information, will contact you if anything is missing.
Please Select Your Province
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland & Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Built for Alberta
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Alberta
Built for British Columbia
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for British Columbia.
Built for Manitoba
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Manitoba
Built for New Brunswick
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for New Brunswick.
Built for Newfoundland and Labrador
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Newfoundland and Labrador.
Built for the Northwest Territories
Different provinces/territories have different rules and regulations. Your Partnership Agreement will be customized for the Northwest Territories.
Built for Nova Scotia
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Nova Scotia.
Built for Nunavut
Different provinces/territories have different rules and regulations. Your Partnership Agreement will be customized for Nunavut.
Built for Ontario
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Ontario.
Built for Prince Edward Island
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Prince Edward Island.
Built for Quebec
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Quebec.
Built for Saskatchewan
Different provinces have different rules and regulations. Your Partnership Agreement will be customized for Saskatchewan.
Built for the Yukon Territory
Different provinces/territories have different rules and regulations. Your Partnership Agreement will be customized for the Yukon Territory.
Partnership Details
Partnership Business Name
Phone
Email
Partnership Address:
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
Partnership Details
Business Purpose
What are the usual business activities of the partnership?
Partnership Start Date
What is the start date for your partnership?
MM slash DD slash YYYY
Partnership Duration
The partnership will continue:
Indefinitely (until terminated by the partners)
Until a specified date (Fixed Term)
Fixed Term End Date:
MM slash DD slash YYYY
Partner Details / First Partner
Type:
Individual
Business Entity
Full Name:
Phone
Email
Address
Same as Partnership Address
Address
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
Second Partner
Type:
Individual
Business Entity
Full Name:
Phone
Email
Address
Same as Partnership Address
Address
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
Do you want to add another partner:
Yes
No
Third Partner
Type:
Individual
Business Entity
Full Name:
Phone
Email
Address
Same as Partnership Address
Address
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
Do you want to add another partner:
Yes
No
Fourth Partner
Type:
Individual
Business Entity
Full Name:
Phone
Email
Address
Same as Partnership Address
Address
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
Do you want to add another partner
Yes
No
Fifth Partner
Type:
Individual
Business Entity
Full Name:
Phone
Email
Address
Same as Partnership Address
Address
Street Address
City
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Province
Postal Code
Partner Details / Primary Partner Contributions
Provide a description of each partner's capital contributions
Describe all contributions made by this partner:
Describe all contributions made by this partner:
What is the total value of this partner's contributions?
Second Partner Contributions
Describe all contributions made by this partner:
What is the total value of this partner's contributions?
Third Partner Contributions
Describe all contributions made by this partner:
What is the total value of this partner's contributions?
Fifth Partner Contributions
Describe all contributions made by this partner:
What is the total value of this partner's contributions?
Fourth Partner Contributions
Describe all contributions made by this partner:
What is the total value of this partner's contributions?
Partners / Profit and Loss
How will your profits and losses be distributed?
Equal share
In proportion to capital contributions
Fixed percent
First partner's share of profit or loss
Second partner's share of profit or loss
Third partner's share of profit or loss
Fourth partner's share of profit or loss
Fifth partner's share of profit or loss
Remember: The total for all partners should equal 100.00%
Partners / New Partners
Will your partnership allow new partners in future?
Yes
No
What is required to admit a new partner?
Majority vote
Unanimous vote
Partners / Partner Wants to Leave
What is the notice period required before a partner can withdraw?
Three Months
Six Months
One Year
Two Years
Will your partnership dissolve on withdrawal of any partner?:
Yes
No
After a partner leaves, that partner cannot compete against your partnership for:
Three Months
Six Months
One Year
Two Years
Partners / Dissolving the Partnership
What vote is required to dissolve your partnership?
Majority vote
Unanimous vote (recommended)
How will assets be distributed when winding up your partnership?
Equal share for each partner
In proportion to capital contributions
Fixed percent
What percent of the final dissolution distribution will each partner receive?
First partner's dissolution share:
Second partner's dissolution share:
Third partner's dissolution share:
Fourth partner's dissolution share:
Fifth partner's dissolution share:
Remember: The total for all partners should equal 100.00%
Accounting / Partner Compensation
Will the partners receive compensation for work done for the partnership?
Yes
No
Do Not Specify
Compensation would be in addition to a share of the profits.
Fiscal Year End
What is your fiscal year end?
MM slash DD slash YYYY
Annual Reports
In addition to the federal income tax report, what other reports do you want to include in your annual report to partners?
Supporting income statement
Balance sheet
Cash flow statement
Profit and loss summary
Select All
Management
Who will be responsible for the day-to-day management of your partnership?
All partners participate
Managing partner
Major issues would still be determined with a vote of the partners.
Who will be the managing partner?
First Partner
Second Partner
Third Partner
Forth partner
Fifth Partner
Unsure
If necessary, how will you remove a managing partner?
Unanimous vote of remaining partners
Majority vote of remaining partners
Management
Voting
How will partnership votes be determined?
In proportion to capital contributions
In proportion to profit share
An equal vote for each partner
What vote will be required to make financial decisions?
Majority vote
Unanimous vote
What vote will be required to make business decisions?
Majority vote
Unanimous vote
Binding the Partnership in Contract
Who can bind your partnership in contract?
Any Partner
Partnership Vote
Managing partner
Percent vote to bind partners in contract:
Majority Vote
Unanimous Vote
Management
Partner Meetings
When will regular meetings be held?
Weekly
Monthly
Quarterly
Annually
Only as required
Who can request special meetings?
Any Partner
Majority of Partners
Do Not Specify
Unanimous Consent
Which decisions will require the consent of all partners?
Who can sign company cheques.
Assume new debts over a certain amount.
Assume new expenses over a certain amount.
Sell a partnership asset over a certain value.
Hire new employees where salary is over a certain amount.
Fire employees.
Release partnership claims except for payment in full.
Decisions affecting the unusual use or lending of partnership equipment.
Annual salary limit:
Other
Additional Clauses
Do you want to include any additional terms or information?
Yes
No
How Many Additional Clause do you want add ?
1
2
3
4
5
First Additional Clause
Second Additional Clause
Third Additional Clause
Forth Additional Clause
Fifth Additional Clause
Sign & Witness
When will your agreement be signed?
Unsure
Specify Date
Date
MM slash DD slash YYYY
Are witness signatures needed?
Yes
No
Total Payment:
Price:
Subtotal
Options
Total
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