Legal Forms

Set up a limited partnership in Canada with this downloadable Limited Partnership Agreement template.

• The general partner will have unlimited liability for the debts and liabilities of the partnership.
• The liability of the limited partners is limited to the amount of the subscription paid by each of them for their partnership units.
• The general partner is responsible for managing the business of the partnership.
• The general partner will hold title to all assets and equipment acquired on behalf of the partnership.
• The partners will be entitled to share in the profits of the business.
• The remaining partners have a right of first refusal to purchase the interest of a withdrawing partner.
• This legal form template is available in MS Word format and is fully editable to meet your needs.
• Governed by Canadian laws.

Set up a USA limited partnership between a general partner and several limited partners with this Limited Partnership Agreement template.

What are the advantages of a limited partnership structure?

A limited partnership gives the operating partner (the general partner) the opportunity to bring investors onboard as limited partners, without giving up control of the business.

The general partner manages the business and makes most decisions without needing the consent of the limited partners. In return for this autonomy, the limited partners' liability extends only to the amount they have invested in the business.

Financial Obligations of Parties

Under the terms of this Partnership Agreement, the general partner will not be required to contribute any cash to the capital of the Partnership. The limited partners must each purchase a minimum number of partnership units.

The limited partners will not be liable for the debts or liabilities of the Partnership and are not required to make additional capital contributions after their initial purchase of units.

The liability exposure of the limited partners is limited to the amount of the subscription paid by each of them for their partnership units.

Withdrawal and Assignment of Interest

The Agreement template includes provisions for withdrawal of the general partner and assignment of a partner's interest. The Partnership would have a right of first refusal to purchase the withdrawing partner's units.

Format and Jurisdiction

This Limited Partnership Agreement template is provided in MS Word format and is fully customizable to meet your specific requirements.

The legal contract is governed by U.S. laws and is intended to be used only within the United States.

Use this U.S. Power of Attorney template to give an agent the power to manage bank accounts and sign contracts on your behalf.

Purpose of a Limited Power of Attorney

A limited power of attorney (also called a special power of attorney) is a legal document that gives authority to an agent named in the document to handle certain specified matters on your behalf for a limited period of time, or for a specific transaction.

Scope of Limited Power of Attorney

This Limited Power of Attorney form authorizes your agent to:

• execute agreements, contracts and other commitments,
• operate bank accounts,
• execute banking documents, checks, bank notes, and other financial documents.

Expiry of Power of Attorney

The form contains options for the Power of Attorney to expire either on a fixed date, or on the completion of a specified transaction. It can also be revoked (cancelled) at any time by the principal (maker).

Format and Jurisdiction

This Limited Power of Attorney for Bank Accounts and Contracts is available as a downloadable MS Word document which is fully editable to meet your exact needs.

It is intended to be used only in the United States.

Download a copy of the Last Will and Testament of Linda McCartney (1941-1998).

• Linda McCartney was an American photographer, musician and animal rights activist. She was born Linda Louise Eastman, to Lee Eastman and Louise Sara Lindner Eastman, heiress to the Lindner Department Store fortune.
• She married Paul McCartney of The Beatles on March 12 1969, and was a member of Wings. The McCartneys had four children together: Heather Louise (from her previous marriage, whom Paul McCartney adopted in 1969), Mary Anna, Stella Nina, and James Louis.
• Linda became Lady McCartney when her husband Paul was knighted in 1997.
• McCartney wrote several vegetarian cookbooks, became a business entrepreneur (starting the Linda McCartney Foods company) and was a professional photographer, publishing Linda McCartney's Sixties: Portrait of an Era.
• Linda was diagnosed with breast cancer in 1995 and died at the age of 56 at the McCartneys' family ranch in Tucson, Arizona.

Biographical material taken from Wikipedia.com.

Download a free copy of the Last Will and Testament of Lizzie Andrew Borden (1860-1927).

• A native of Fall River, Massachusetts, Lizzie Borden was suspected of murdering her father and stepmother.
• Her trial was one of the most sensational in US history, due in large part to the fact that the person charged with the crime was a respectable church-going spinster who taught Sunday school.
• After Lizzie was found not guilty by a jury of locals in spite of a wealth of circumstantial evidence against her, she was socially ostracized by the community. She never married and lived a reclusive life until her death.

Set up a limited liability company in the U.S. under this LLC Formation Agreement between the members of the company.

• This is an informal preliminary agreement which the members can put in place so they can proceed with filing Articles of Organization and forming the company, prior to entering into a formal operating agreement.
• The members agree that this is a preliminary agreement only and that they intend to execute a more complex agreement within a reasonable time.
• The members will manage the business of the LLC and will vote according to their proportionate interests.
• The members are free to carry on other businesses as long as they do not compete or conflict with the business of the LLC.
• The members agree that disputes will be settled by arbitration.
• The LLC Formation Agreement can be used throughout the United States.
• Available as a fully editable MS Word document. Buy, download, edit to fit your circumstances, and have each party sign.

This LLC Formation Agreement provides for a limited liability company to have three classes of members.

• The member classes are defined by their profit and loss allocations, their share of the assets upon dissolution of the company, and their voting rights, as follows:
  • Class A Investor Members receive 60% of the profits, bear 90% of the losses, and have 5 votes.
  • Class B Manager Members are responsible for the management and direction of the LLC. They receive 30% of the profits, bear 10% of the losses, and have 2 votes, and are the only members to vote on company decisions which do not, by law, require the vote of all members.
  • Class C Employee Members receive 10% of the profits, bear none of the losses, and have 1 vote.
• The Formation Agreement can be used by LLCs anywhere in the United States. Buy the form, download, fill in, print and sign.

Have each member in a USA limited liability company put in writing how their membership interests were acquired with this Member Representation form.

• Representations of Member. Each member represents that:
  • They have acquired their membership interest in the LLC for investment purposes only.
  • The member has the knowledge and experience necessary to evaluate the economic risks of acquiring the membership interest.
  • The member understands that they may bear the risk of an investment in the company for an indefinite period of time.
• Registration of Interests. Only the LLC has the right to register Membership Interests, but it is under no obligation to do so.
• Format. This template is available in MS Word format and is fully editable to fit your specific circumstances.
• Jurisdiction. This LLC Member Representation form is intended for use only within the United States.

Set up a limited liability company for the purpose of fractional (joint) ownership of a yacht with this LLC Members Agreement.

• The Agreement is governed by United States laws.
• In addition to an initial capital contribution, each member of the LLC must make quarterly payments to pay for overhead, including dockage fees, maintenance, insurance, and management fees.
• Each member has an equal say in the operations of the LLC.
• If any member wants to sell their interest in the yacht, or if a member dies, the other members have a right of first refusal to acquire their interest.
• Each member's use of the yacht is based proportionally on his or her ownership interest.
• Each member is responsible for any damage, loss or injury to the yacht while they are using it.
• Only qualified skippers are allowed to captain the vessel. If a member is not qualified, he or she must hire a licensed skipper, at his/her own expense.
• A member must comply with all conditions governing operating requirements and vessel responsibilities during their use of the yacht.
• This is a fully customizable legal form template.

Prepare an Operating Agreement for a limited liability company (LLC) with several members with this comprehensive template for the USA.

• The Operating Agreement sets out the rights, obligations and relationship of the members of the LLC.
• Provisions of the Agreement include:
  • dealing with the interest of a member if the member fails to make the required capital contributions;
  • the method by which profits and losses will be allocated;
  • how fair market value of a membership interest will be determined;
  • procedure for calling meetings of members and for voting;
  • transfers of membership interests, including transfer on the death of a member;
  • dissolution and winding up.
• Available in MS Word format and fully editable to fit your specific requirements.
• Intended to be used only in the United States.