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Maryland Partnership Agreement

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Maryland Partnership Agreement
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Updated March 19, 2024

A Maryland partnership agreement can be used to solidify the terms and conditions of a business partnership between two or more people. Once signed by all parties, it becomes a legally binding contract. Maryland law allows four types of partnership models that vary in tax obligations and liabilities.

Partnership Types

  • General Partnerships (GP)[1]
  • Limited Partnership (LP)[2]
  • Limited Liability Partnership (LLP)[3]
  • Limited Liability Companies (LLC)[4]

Sources

  1. §9A-101-§9A-1001
  2. §10-101-§10-1105
  3. §10-801-§10-815
  4. §4A-101-§4A-1303