A General Partnership, sometimes known as a Joint Venture, is an entity formed by more than one partners engaged in a common for-profit endeavor. No documentation is required to be filed with the Secretary of State; however, each partner carries unlimited individual liability. Taxes are passed through to the partners with no double taxation exposure.
Documents to be prepared for you: "Follow-Through" Instructions, General Partnership Agreement. Price: $150.00
If you would like to proceed, please click here!
The following questions should be answered in order for us to prepare correct and enforceable documents:
Name of Partnership/Joint Venture:
Address of Principal Office of Partnership/Joint Venture:
Name(s) and addresses of initial Partners/Venturers:
Commencement Date of Partnership/Joint Venture:
What is the Ownership Interest Percentage, Initial Capital Contribution and Contribution Percentage of the Partners/Venturers?
Will cash distributions be allocated to the parntners/venturers according to their Ownership Percentage? Yes No
If no, then how should they split?
Name and address of Principal Bank handling accounts of the Partnership/Joint Venture:
Purpose of Partnership/Joint Venture:
Will the Partnership/Joint Venture own, manage and/or develop real property? Yes No
Property Address: Property City: Property State: Property Zip Code:
Lot , Block , Addition to the City of , County, Texas.
If property is not in a lot/block subdivision, but surveyed by "METES and BOUNDS", please locate the metes and bounds description on the back of your existing deed and either fax it to us at 817.737.7201 or upload into your Client Briefcase upon completion of this questionaire. If you are unable to locate the legal description, check the box below.
Unable to locate legal description
OPTIONAL: Upload files to help the TLD staff create your documents.