Updated February 12, 2022
A South Carolina partnership agreement is a legal record that defines a management partnership’s structure. It verifies dissolution, liabilities, dispute resolution, ownership interests, and duration. The contract must be very comprehensive to prevent future conflicts.
Partnership Types
- General Partnerships (GP) – Title 33, Chapter 41 (§§ 10-1330)
- Limited Partnership (LP) – Title 33, Chapter 42 (§§ 10-2140)
- Limited Liability Partnership (LLP) – § 33-41-370, § 33-41-1110 – § 33-41-1220
- Limited Liability Companies (LLC) – Title 33, Chapter 44 (§§ 101-1208)