Download Georgia Partnership Agreement Templates [PDF]

The Georgia partnership agreement is a legal document that serves as a formalization of the agreement between the business partners on how they will run their business entity.

The partners will use this document to determine each partner’s contribution to the business, as well as their management or voting rights, participation in profits or losses of the business entity, and the overall rules of business operation.

In Georgia, the partnership agreement is also referred to as:

Georgia Partnership Agreement Also Known As

Georgia partnership deed
Georgia articles of partnership
Georgia partnership contract
Georgia business partnership agreement

Georgia Partnership Agreement Types

In Georgia, there are different types of partnership agreements that partners can choose from:

Types of Partnership Agreement

General Partnerships (GP): This type enables all partners to participate in the decision-making process. However, they all have unlimited liability for the business operation with all of their personal assets. (§ 14-8-6)
Limited Partnership (LP): This forms the partnership between the general partners, who can make decisions and have unlimited liability for the operation of the partnership, and the limited partners, who cannot make decisions but have limited liability. (§ 590-7-10)
Limited Liability Partnership (LLP): Here, all partners have equal decision-making powers, and they are protected from liabilities caused by the negligence and actions of other partners. (§ 14-8-15)

Georgia Partnership Agreement Requirements

The Georgia partnership agreement format should include the following:

Mandatory Requirements