Provisions to Create Phantom Partnership Interests
Create phantom partnership interests for persons who have made significant contributions by adding these provisions to your Partnership Agreement.
- Phantom partnership units can be issued to employees, professional advisors, consultants and other parties whose contributions have been a significant factor in the business' success.
- Each holder of phantom units is deemed included as a partner, and is entitled to distributions to partners, notwithstanding that s/he is not actually a partner.
- Phantom units cannot be transferred without the consent of the General Partner.
It's easy to customize your partnership agreement by adding these Phantom Partnership Provisions. You can download the file right after you pay for it via our secure checkout.
Last Updated: 14-April-2016