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North Carolina Partnership Agreement

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North Carolina Partnership Agreement
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Updated March 19, 2024

A North Carolina partnership agreement is a contract that describes a management partnership’s structure. It customarily presents ownership interests, dispute resolution, liabilities, duration, and dissolution. The content needs to be as meticulous as possible for the sake of preventing misunderstandings in the future.

Partnership Types

  • General Partnerships (GP)[1]
  • Limited Partnership (LP)[2]
  • Limited Liability Partnership (LLP)[3]
  • Limited Liability Limited Partnership (LLLP)[4]
  • Limited Liability Companies (LLC)[5]

Sources

  1. Chapter 59 (§§ 31-94)
  2. Chapter 59 (§§ 101-1107)
  3. Chapter 59 (§§ 84.2-84.5)
  4. § 59-210
  5. Chapter 57D (§§ 1-01 through 11-03)