Updated February 11, 2022
A North Dakota partnership agreement is a document that defines the management structure of a partnership. It ordinarily sets forth dispute resolution, ownership interests, duration, dissolution, and liabilities. The agreement has to be as comprehensive as possible in order to avoid future conflicts.
Partnership Types
- General Partnerships (GP) – Title 45, Chapters 13-21
- Limited Partnership (LP) – Title 45, Chapter 10.2
- Limited Liability Partnership (LLP) – Title 45, Chapter 22
- Limited Liability Limited Partnership (LLLP) – Title 45, Chapter 23
- Limited Liability Companies (LLC) – Title 10, Chapter 32.1