Updated February 11, 2022
A Georgia partnership agreement is a legal agreement that determines the structure of a business relationship among owners. Partnership agreements typically cover ownership stake, daily management responsibilities, dispute resolution, and business dissolution. Partners may limit personal liability in the business depending on the agreement type.
Partnership Types
- General Partnerships (GP) – § 14-8-6
- Limited Partnership (LP) – § 590-7-10
- Limited Liability Partnership (LLP) – § 14-8-15
- Limited Liability Limited Partnership (LLLP) – § 590-7-11
- Limited Liability Companies (LLC) – § 590-7-19