Updated February 11, 2022
An Iowa partnership agreement is a contract that details the roles, management, liability, and ownership of each individual signing onto a partnership agreement. While general partnership agreements equally divide liability among all partners, limited partnerships only designate liability to active partners.
Different types of partnership agreements can be used for small businesses, real estate companies, medical practices, and more.
Partnership Types
- General Partnerships (GP) – §486A.901.1
- Limited Partnership (LP) – §488.201
- Limited Liability Partnership (LLP) – §486A.1001
- Limited Liability Limited Partnership (LLLP) – §488.102.10
- Limited Liability Companies (LLC) – §489