Updated February 12, 2022
A Wyoming partnership agreement is a legal document that outlines the management structure of a partnership. It establishes ownership interests, duration, liabilities, dispute resolution, and dissolution. The agreement needs to be as detailed as possible in order to minimize confusion and disagreements in the future.
Partnership Types
- General Partnerships (GP) – Title 17, Chapter 14, Article 5 (§§ 501-505)
- Limited Partnership (LP) – Title 17, Chapter 14, Article 3 (§§ 301-309)
- Limited Liability Partnership (LLP) – Title 17, Chapter 21, Article 11 (§§ 1101-1107)
- Limited Liability Limited Partnership (LLLP) – § 17-24-202(xv)
- Limited Liability Companies (LLC) – Title 17, Chapter 29 (§§ 101-1105)