General Partnership Agreement Help Guides and Resources

General Partnership Agreement Help Guides

What is a partnership?

A general partnership is created when two or more people decide to carry on a business together. A partnership usually operates in accordance with a partnership agreement. A general partnership agreement is a legal document defining how the business will operate. The agreement helps partners delineate how they will make decisions and what role each...

What is an EIN and do I need one?

“EIN” stands for Employer Identification Number and is required by the IRS for tax identification purposes for any business with employees as well as businesses falling under a few other categories. Specifically, the IRS requires that a business obtain an EIN if it: has employees; operates as a corporation or partnership; withholds taxes on income o...

How Your Business Can Survive and Dominate in the Startup Phase

Startups have long held a certain mystique in American culture, capturing the entrepreneurial drive and innovation responsible for our many economic and technological successes. Startup companies drive innovation and shake up otherwise......

Pass-Through Taxation 101

As a business owner, whether you have been a business owner for some time or you are just now starting out, you have likely experienced many tax components. Initially, you have to choose the type of entity you want your business to be, but......

Starting a Business with a Partner: Pros, Cons, and How-Tos

Starting any business can be a huge undertaking. However, starting a business with a partner can be even trickier because you have two people that are likely both very passionate about the company and may have differing opinions about certain......

5 Critical Business Licenses and Why They Are Essential

You have conducted extensive market research, drafted your business plan, completed a variety of legal documents, and finalized your mission statement. Your business is ready to open and thrive—or is it? Entrepreneurism is, at its core,......

Qualities to Look for When Choosing a Business Partner

According to recent studies, two-thirds of all businesses fail. This means that a business has less than a 1 in 3 chance of succeeding. So, how can you make sure that your business is one of the 33% who succeed? The answer is by choosing the......

How to Make Your Partnership Work with a Shareholder Agreement

Starting a new business requires a lot of dedication and passion. This means that new business owners must pour all their time, energy, and effort into setting up their business for success in the short and long term. As entrepreneur Mark......

13 Things to Think about before Starting a Business

The flash of inspiration is one of the greatest things about starting a new business. One day you wake up and have the simple solution to the most annoying problem; and you cannot believe no one else has figured it out! So you rush to the......

How to Start Your Own Business

There are a multitude of legal and business issues to consider when it comes to starting a business. Everything from your business’s name, to its structure, to its operation, has legal implications. The following article is a great place to......