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Pennsylvania Partnership Agreement

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Pennsylvania Partnership Agreement
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Updated March 19, 2024

A Pennsylvania partnership agreement is a legally binding document that lays out how multiple parties involved will operate the business. It frequently affirms duration, liabilities, dispute resolution, dissolution, and ownership interests. The agreement has to be as detailed as possible in order to reduce disagreements 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. Title 15, Chapter 84 (§§ 8411-8486)
  2. Title 15, Chapter 86 (§§ 8611-8695)
  3. Title 15, Chapter 82 (§§ 8201-8244)
  4. Title 15, Chapter 82 (§§ 8201-8244)
  5. Title 15, Chapter 88 (§§ 8811-8898)