Updated February 12, 2022
A Vermont partnership agreement is a legally binding contract that outlines a management partnership’s structure. It commonly decides duration, dispute resolution, dissolution, ownership interests, and liabilities. The content should be specific for the sake of lessening future disagreements.
Partnership Types
- General Partnerships (GP) – § 4141
- Limited Partnership (LP) – Title 11, Chapter 23 (§§ 3401-3503)
- Limited Liability Partnership (LLP) – § 4141
- Limited Liability Limited Partnership (LLLP) – § 4141
- Limited Liability Companies (LLC) – Title 11, Chapter 25 (§§ 4001-4176)