Partnership Generator

🤝 Why Use This Partnership Agreement?

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Essential for Business Partners

Whether you're starting a consultancy, professional practice, or trading business with others, this agreement clearly defines ownership shares, decision-making processes, and profit distribution. Prevents costly disputes by establishing rules from day one - crucial for accountants, solicitors, architects, and all professional partnerships.

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Partnership Act 1890 Compliant

Overrides default provisions of the Partnership Act 1890 that often don't suit modern businesses. Without this agreement, partners share profits equally regardless of investment, and any partner can dissolve the partnership instantly. This document provides tailored terms that protect all partners' interests and ensure business continuity.

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Protects Financial Interests

Essential when partners contribute different amounts of capital, expertise, or time. Clearly defines capital accounts, drawings, profit shares, and what happens if someone leaves. Particularly vital for unequal partnerships, silent partners, or when mixing investors with working partners - ensures everyone gets their fair share.

📚 Official Resources & Legal References

🏛️ GOV.UK - Business Partnerships ⚖️ Partnership Act 1890 💷 HMRC - Partnership Taxation 📜 Law Society - Partnership Guidance 📊 ICAEW - Partnership Structures 📝 Register a Partnership

Partnership Builder

🏢 Partnership Details

Partnership Name *

Business Type *

Principal Place of Business *

Agreement Date *

👤 Partner 1 Details

Full Name *

Address *

Capital Contribution (£) *

Profit Share (%) *

👤 Partner 2 Details