Set up a partnership for the purpose of acting as general partner of a limited partnership with this template Partnership Agreement for the USA.

• The partnership being formed by the agreement will be managed by a corporate entity as managing partner.


• The managing partner will have control of the day-to-day business operations, and will be responsible for all tax matters. All matters outside of the day-to-day business will be decided by a majority vote of all partners.


• The partners will devote a necessary amount of time and attention to the partnership business, but are not restricted from involvement in other businesses, whether they compete with the partnership business or not.


• Admission to the partnership is limited to the managing partner, its CEO and the other officers and directors of the managing partner.

This USA Partnership Agreement template is available as a MS Word download, and is fully editable to meet your needs.