1. General Partnership
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2. Characteristics Partnership Agreement Pass-Through Entity
Joint and Individual Liability

3. Default Rights in Relation to One Another
Unless otherwise outlined in agreement:
At all times:
Equal Rights to Manage
Voting Schemes
Equal Rights to Profits and Losses
Access to Partnership Books
Fiduciary Duty to the Business

4. Partners’ Rights in Relation to Third Parties
Agency
Imputation of notice

5. Partnership Agreement
Name, address and duration
Purpose
Membership
Management and limits of authority
Contributions
Allocations
Accounting
Dissolution

6. Formation Create a partnership agreement
File a Certificate of Assumed Name
Insurance