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Arizona Partnership Agreement

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Arizona Partnership Agreement

Updated March 19, 2024

An Arizona partnership agreement is a contract among two (2) or more individuals that agree to enter into a mutually beneficial business venture. Depending on the type of entity incorporated, the partners may have different liabilities in regard to the finances of the partnership.

A partnership agreement is the only document that records the ownership interest of each partner and their duties and responsibilities.

“Partnership Agreement” Definition

“Partnership agreement” means the agreement, whether written, oral or implied, among the partners concerning the partnership, including amendments to the partnership agreement.[1]

Allowed Partnership Types

  • General Partnerships (GP)[2]
  • Limited Partnership (LP)[3]
  • Limited Liability Partnership (LLP)[4]
  • Limited Liability Limited Partnership (LLLP)[5]
  • Limited Liability Companies (LLC)[6]


  1. ARS 29-1001(12)
  2. ARS 29-322
  3. ARS 29-317
  4. ARS 29-367
  5. AZ Commerce
  6. ARS 29-3201