Indiana Partnership Agreement

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Updated February 11, 2022

An Indiana partnership agreement is a legal contract between two or more partners in a business. Partnership agreements typically define the portion of the company owned by each partner, along with their management duties and liability. It is in the best interest of the business and partners to have a detailed agreement in place to prevent conflicts.

Partnership Types

General Partnerships (GP) – § 23-0.5-1.5-13
Limited Partnership (LP) – §§ 23-16-3-1 — 23-16-3-14
Limited Liability Partnership (LLP) – § 23-4-1-45
Limited Liability Companies (LLC) – §§ 23-18-1-1 — 23-18-13-2