Limited Partnership Agreement
  • General Information
    • General Partners
    • Limited Partners
    • Limited Partnership Details
  • Daily Management
    • General Information
    • Contributions of General Partners
    • Contributions of Limited Partners
    • Profits and Losses
    • Voting
  • Complete the Document
    • Format & Signatures

General Partners

  • How many General Partners does the Limited Partnership have?

  • Indicate full name of the General Partner:

  • Indicate the full residential or business address of General Partner:

  • Indicate the full name of General Partner 2:

  • Indicate the full residential or business address of General Partner:

  • Indicate the full name of General Partner 3:

  • Indicate the full residential or business address of General Partner 3:

  • Indicate the full name of General Partner 4:

  • Indicate the full residential or business address of General Partner 4:

  • Provide full names and residential/business addresses of all General Partners:

Limited Partners

  • How many Limited Partners does the Limited Partnership have?

    !

    A Limited Partner  is an investor who contributes capital but does not participate in day-to-day management of the limited partnership.

    Their liability is limited to the amount they invested, and they are protected from the partnership’s debts beyond that.

  • Indicate the full name of Limited Partner:

  • Indicate the full residential or business address of Limited Partner:

  • Indicate the full name of Limited Partner 2:

  • Indicate the full residential or business address of Limited Partner 2:

  • Indicate the full name of Limited Partner 3:

  • Indicate the full residential or business address of Limited Partner 3:

  • Indicate the full name of Limited Partner 4:

  • Indicate the full residential or business address of Limited Partner 4:

  • Provide full names and residential/business addresses of all Limited Partners:

Limited Partnership Details

  • Indicate the full name of Limited Partnership, including all applicable designators (i.e., LP or Limited Partnership):

    !

    A limited partnership name must be distinguishable and avoid misrepresentation.

    The chosen name cannot be similar to existing registered names or misleadingly suggest government affiliation.

    The name should also contain the type of a partnership which is “LP” or “Limited Partnership”.

  • Describe in detail the purpose and type of business for which the partnership is established:

  • Indicate the full business address of Partnership:

  • Indicate the date when the Partnership should start:

    !

    This is the date when a Limited Partnership should start operating and doing business.

  • Select the state, where the Partnership is being created:

    !

    The laws of a state selected as an answer to this question will apply towards this Limited Partnership Agreement.

  • Indicate the full name of Tax Partner:

    !

    The Tax Matters Partner is the partner designated to represent the partnership in tax matters before the IRS.

    This includes handling audits, receiving official tax notices, and communicating with tax authorities on behalf of the partnership.

General Information

  • Select the date by which all financial contributions should be made by all partners:

    !

    This is the date, by which all general and limited partners should submit in full all their financial contributions to the limited partnership’s capital.

  • Who will be responsible for making major financial decisions on behalf of the Partnership?

    !

    The major financial decisions include:

    – distribution of profits;
    – allocation of losses;
    – solicitation of additional capital contributions;
    – taking loans etc.

  • The major financial decisions shall be decided:

  • The major financial decisions shall be decided:

  • List the names of the General and/or Limited Partners authorized to sign checks from any joint Limited Partnership account:

  • The Limited Partnership's fiscal year shall end on:

    !

    The fiscal year usually ends with the end of a calendar year.

    However, the partners to a limited partnership may decide the other date. For instance, 31st of May, 30th of June etc.

Contributions of General Partners

  • Select the form in which General Partner 1 will make their capital contribution to the Limited Partnership:

  • Provide a detailed list of all services to be contributed by General Partner 1, along with their estimated value in USD:

  • Indicate the General Partner's 1 cash contribution in USD:

  • Provide a detailed list of all goods to be contributed by General Partner 1, along with their estimated value in USD:

  • Select the form in which General Partner 2 will make their capital contribution to the Limited Partnership:

  • Provide a detailed list of all services to be contributed by General Partner 2, along with their estimated value in USD:

  • Indicate the General Partner's 2 cash contribution in USD:

  • Provide a detailed list of all goods to be contributed by General Partner 2, along with their estimated value in USD:

  • Select the form in which General Partner 3 makes their capital contribution to the Limited Partnership:

  • Provide a detailed list of all services to be contributed by General Partner 3, along with their estimated value in USD:

  • Indicate the General Partner's 3 cash contribution in USD:

  • Provide a detailed list of all goods to be contributed by General Partner 3, along with their estimated value in USD:

  • Select the form in which General Partner 4 makes their capital contribution to the Limited Partnership:

  • Provide a detailed list of all services to be contributed by General Partner 4, along with their estimated value in USD:

  • Indicate the General Partner's 4 cash contribution in USD:

  • Provide a detailed list of all goods to be contributed by General Partner 4, along with their estimated value in USD:

  • Describe in detail type and value of contributions made by each General Partner:

    !

    Contributions to a limited partnership’s capital could have various forms, including:

    – services (e.g., accounting, legal, logistics);
    – goods (e.g., chairs, tables, laptops);
    – property (e.g., free usage of commercial space);
    – cash contribution.

  • Indicate which exact percentage from all the Partnership's assets, liabilities and profits should belong to each of Partners:

Contributions of Limited Partners

  • Select the form in which Limited Partner 1 will make their capital contribution to the Limited Partnership:

  • Provide a detailed list of all services to be contributed by Limited Partner 1, along with their estimated value in USD:

  • Indicate the Limited Partner's 1 cash contribution in USD:

  • Provide a detailed list of all goods to be contributed by Limited Partner 1, along with their estimated value in USD:

  • Select the form in which Limited Partner 2 will make their capital contribution to the Limited Partnership:

  • Provide a detailed list of all services to be contributed by Limited Partner 2, along with their estimated value in USD:

  • Indicate the Limited Partner's 2 cash contribution in USD:

  • Provide a detailed list of all goods to be contributed by Limited Partner 2, along with their estimated value in USD:

  • Select the form in which Limited Partner 3 makes their capital contribution to the Limited Partnership:

  • Provide a detailed list of all services to be contributed by Limited Partner 3, along with their estimated value in USD:

  • Indicate the Limited Partner's 3 cash contribution in USD:

  • Provide a detailed list of all goods to be contributed by Limited Partner 3, along with their estimated value in USD:

  • Select the form in which Limited Partner 4 makes their capital contribution to the Limited Partnership:

  • Provide a detailed list of all services to be contributed by Limited Partner 4, along with their estimated value in USD:

  • Indicate the Limited Partner's 4 cash contribution in USD:

  • Provide a detailed list of all goods to be contributed by Limited Partner 4, along with their estimated value in USD:

  • Describe in detail type and value of contributions made by each Limited Partner:

    !

    Contributions to a limited partnership’s capital could have various forms, including:

    – services (e.g., accounting, legal, logistics);
    – goods (e.g., chairs, tables, laptops);
    – property (e.g., free usage of commercial space);
    – cash contribution.

  • Indicate which exact percentage from all the Partnership's assets, liabilities and profits should belong to each of Partners:

Profits and Losses

  • The profits and losses of the Limited Partnership should be distributed:

  • Describe in detail the frequency with which the Limited Partnership's profits and losses should be distributed amongst partners:

  • Indicate the percentage of assets, liabilities, and losses that shall be allocated to General Partner 1:

  • Indicate the percentage of assets, liabilities, and losses that shall be allocated to General Partner 2:

  • Indicate the percentage of assets, liabilities, and losses that shall be allocated to General Partner 3:

  • Indicate the percentage of assets, liabilities, and losses that shall be allocated to General Partner 4:

  • Describe in detail how all assets, liabilities, and losses should be allocated among the General Partners:

  • Indicate the percentage of assets, liabilities, and losses that shall be allocated to Limited Partner:

  • Indicate the percentage of assets, liabilities, and losses that shall be allocated to Limited Partner 2:

  • Indicate the percentage of assets, liabilities, and losses that shall be allocated to Limited Partner 3:

  • Indicate the percentage of assets, liabilities, and losses that shall be allocated to Limited Partner 4:

  • Describe in detail how all assets, liabilities, and losses should be allocated among the Limited Partners:

Voting

  • Who shall be able to vote at the meetings?

  • The vote cast by each General Partner shall be weighted in proportion:

  • The vote cast by each Partner shall be weighted in proportion:

  • Add signature to document?

  • Add your signature:

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