Updated February 12, 2022
A Washington D.C. partnership agreement is a legal record that lays out duties, roles, and liabilities for all partners involved. It frequently articulates ownership interests, liabilities, dispute resolution, dissolution, and duration. The contract must be as comprehensive as possible for the sake of minimizing future conflicts.
Partnership Types
- General Partnerships (GP) – Title 29, Chapter 6 (§ 29-601.0 – § 29-611.01)
- Limited Partnership (LP) – Title 29, Chapter 7 (§ 701.01 – 711.01)
- Limited Liability Partnership (LLP) – § 29-610.01 – § 29–610.06
- Limited Liability Limited Partnership (LLLP) – § 29–701.02(7)
- Limited Liability Companies (LLC) – Title 29, Chapter 8 (§ 801.01 – 810.01)