Updated February 12, 2022
A Washington partnership agreement is a record that explains business operations under two or more parties. It generally specifies liabilities, dispute resolution, ownership interests, duration, and dissolution. The contract needs to be as detailed as possible to lessen future conflicts.
Partnership Types
- General Partnerships (GP) – Title 25, Chapter 25.10, Article 4 (§§ 371-441)
- Limited Partnership (LP) – Title 25, Chapter 25.10, Article 3 (§§ 301-351)
- Limited Liability Partnership (LLP) – Title 25, Chapter 25.05, Article 11 (§§ 500-536)
- Limited Liability Limited Partnership (LLLP) – § 25.10.321
- Limited Liability Companies (LLC) – Title 25, Chapter 25.15 (§§ 006-905)