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New York Partnership Agreement

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New York Partnership Agreement
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Updated March 19, 2024

A New York partnership agreement is a legal record that explains how multiple parties will manage business operations. It states liabilities, dispute resolution, dissolution, ownership interests, and duration. The contract should be thorough for the sake of limiting conflicts in the future.

Partnership Types

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

Sources

  1. PTR Chapter 39 (§§ 1-126)
  2. PTR Chapter 39, Article 8-A (§§ 121-101 through 121-1300)
  3. PTR Chapter 39, Article 8-B (§§ 121-1500 through 121-1507)
  4. LLC Chapter 34 (§§ 101-1403)