Download Florida Partnership Agreement Templates [PDF]

Make the process of drafting the Florida partnership agreement fast and simple by using our advanced partnership agreement builder.

Customized for Florida This document may be legally binding in Florida according to your state specific regulations.

The Florida partnership agreement is a legal document that defines all the details of how the business partners will operate within the business entity.

The partnership agreement, or articles of partnership, is often used when applying for loans from financial institutions or in the process of business expansion since potential investors often want to see the existing relationship in the business partnership before investing.

In Florida, this document is also commonly called the “partnership contract” or the “partnership deed.”

Florida Partnership Agreement Types

This section provides different types of partnership agreements that can be used in Florida:

Types of Partnership Agreement

General Partnerships (GP): Here, all partners have decision-making powers, and they all have unlimited liability for the business operations with all of their assets. (§ 620.1404)
Limited Partnership (LP): Here, the partnership is formed between the general partners, who have unlimited liability for the business operation and have decision-making powers, and the limited partners, who don’t have decision-making powers but have limited liability. (§ 620.1201)
Limited Liability Partnership (LLP): Here, all partners have equal authority to make decisions, and they are not liable for their partners' negligence. (§ 620.8106)

Florida Partnership Agreement Requirements

In Florida, the partnership agreement format will include the following elements:

Mandatory Requirements

Information about the partners
Name and registered address of the partnership
Date of partnership formation and dissolution
Details about each partner’s contribution
Information about each partner’s management rights
Rules on profit distribution
Information about the accounts of the partnership
Conditions that must be fulfilled before the eventual partnership expansion
Information on how the partners will cover eventual losses

Sign Up for Our Newsletter

Newest legal practices, savvy tips and insightful articles.

Documents

Bill of Sale
Lease Agreement
Power of Attorney

Legal

Help

Contracts.net desires to educate individuals about standard business documents and to provide sample forms as a tool for business. Contracts.net is not a law firm, does not provide legal advice or other legal services, does not fill out these Forms for a customer, and does not answer questions about the substance of the forms, and does not have privileged communications with customers. The forms are not a substitute for legal advice. Customer may review these forms with their business, accounting, tax, and legal advisors and may adapt the forms to suit their specific needs. Your use of the forms and the website is governed by our Terms of Service.