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Tennessee Partnership Agreement

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Tennessee Partnership Agreement
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Updated March 19, 2024

A Tennessee partnership agreement is a document that explains distinguished roles, responsibilities, and liabilities for each partner involved. It commonly reveals dispute resolution, duration, ownership interests, liabilities, and dissolution. The agreement should be as extensive as possible for the sake of preventing future disagreements.

Partnership Types

  • General Partnerships (GP)[1]
  • Limited Partnership (LP)[2][3]
  • Limited Liability Partnership (LLP)[4]
  • Limited Liability Limited Partnership (LLLP)[5]
  • Limited Liability Companies (LLC)[6]

Sources

  1. Title 61, Chapter 1 (§§ 101-1208)
  2. Title 61, Chapter 1 (§§ 101-1209)
  3. Title 61, Chapter 3, Part 3 (§§ 301-306)
  4. Title 61, Chapter 1, Part 10 (§§ 1001-1006)
  5. § 61-3-101(13)
  6. Title 48, Chapter 249 (§§ 101-1133)