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West Virginia Partnership Agreement

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West Virginia Partnership Agreement

Updated March 19, 2024

A West Virginia partnership agreement is a contract that defines the distinguished roles, responsibilities, and liabilities for each partner involved. It usually states duration, ownership interests, liabilities, dissolution, and dispute resolution. The content must be as thorough as possible in order to lessen future disagreements and confusion.

Partnership Types

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

Sources

  1. Chapter 47B, Article 9 (§§ 1-8)
  2. Chapter 47B, Article 10 (§§ 1-5)
  3. Chapter 31B (§§ 1-101 – 13-1306)