You’ve found a potential partner, and you know you need to put your agreement about how you’ll work together in writing. But what exactly do you need to talk about? What should be included in your partnership agreement?
I’m sharing the list of questions I go over with my own clients when I’m drafting partnership agreements and operating agreements (for an LLC or corporation). Use this list to get your creative juices flowing; there may be other issues that come up for your particular business that aren’t listed here, or points that don’t apply to you.
Take your time with this process — these questions aren’t easy, but they should help you form a better partnership as you work through them (or maybe help you realize early on you aren’t meant to partner, which is ok too).
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Disclaimers: This is the list of questions I use with my clients as a jumping off point, and may not cover everything you need to talk through or include when putting together your own partnership agreement.
This information is attorney advertising and does not establish an attorney-client relationship, which is only formed when you have signed an engagement agreement.