Sba Partnership Agreement Template

A sba partnership agreement template is a legally binding document that outlines the terms and conditions of a partnership between two or more businesses, including the Small Business Administration (SBA).

If you`re starting a new business with a partner, or seeking financing from the SBA, a partnership agreement is essential. This document establishes the roles and responsibilities of each partner, addresses potential problems, and ensures the smooth operation of the business.

The SBA partnership agreement template provides a standardized framework for creating a partnership agreement that meets the agency`s requirements. The template includes sections on:

– Purpose of the agreement

– Term of the partnership

– Name and purpose of the partnership

– Capital contributions of partners

– Profits, losses, and distributions

– Management and voting rights

– Partner salaries and expenses

– Restrictions on partners

– Dissolution of the partnership

Using the SBA partnership agreement template can save you time and money by providing a starting point for your negotiations with your partner. You can modify the template to meet the specific needs of your business.

When drafting your partnership agreement, it`s important to work with an attorney experienced in business law to ensure that the document is legally valid and meets all state and federal regulations.

In addition to the SBA partnership agreement template, the agency offers a range of other resources and support for small businesses, including financing, counseling, and training. By taking advantage of these resources, you can increase your chances of success and grow your business.