Articles of partnership

Articles of partnership are included in a formal agreement between the participants in a business entity who want to combine their capital and labor. The articles can address a number of issues, such as:

  • The amount of capital contributions to be made by each party
  • The circumstances under which arguments can be submitted to arbitration
  • The circumstances under which partners can be expelled
  • The circumstances under which partnership interests can be sold or transferred
  • The duties assigned to each partner
  • The primary place of business of the partnership
  • The name of the business entity
  • The ratio of profits and losses to be allocated to each partner