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Texas Partnership Agreement

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Texas Partnership Agreement
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Updated March 19, 2024

A Texas partnership agreement is a legal document that defines the duties, roles, and liabilities for all partners involved. It generally presents ownership interests, dispute resolution, dissolution, duration, and liabilities. The agreement has to be as specific as possible in order to limit future misunderstandings.

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 4, Chapter 152 (§§ 001-914)
  2. Title 4, Chapter 153 (§§ 001-555)
  3. Title 4, Chapter 153, Subchapter H (§§ 351-353)
  4. § 5.055
  5. Title 3, Chapter 101 (§§ 001-636)