Updated February 11, 2022
A Nevada partnership agreement is a legally binding record that explains a management partnership’s structure. It generally confirms duration, dissolution, liabilities, dispute resolution, and ownership interests. The contract must be as meticulous as possible in order to lessen confusion in the future.
Partnership Types
- General Partnerships (GP) – Title 7, Chapter 87 (§§ 010-430), Title 7, Chapter 88 (§§ 445-465)
- Limited Partnership (LP) – Title 7, Chapter 88 (§§ 010-415), Title 7, Chapter 88 (§§ 420-440)
- Limited Liability Partnership (LLP) – Title 7, Chapter 87 (§§ 440-540)
- Limited Liability Limited Partnership (LLLP) – Title 7, Chapter 88 (§§ 606-609)
- Limited Liability Companies (LLC) – Title 7, Chapter 85 (§§ 011-590)