Partnership Agreement

Business Partnership Agreement Course and Template

Going into business with a partner? Cover all contingencies!

partnership agreements template and course to discuss all issues with business partnersYOU MAY HAVE HEARD that partnerships are the most risky of all business structures for new business and it is therefore a wise move to ensure that you have a quality document to protect both you, your partner/s AND your assets should the partnership fail.

This means you must have all the necessary clauses to cover all contingencies.

The Australian Taxation Office Needs Evidence!

The Australian Taxation Office has a requirement of proof of partnership in order to access lower tax rates. A partnership in the eyes of the ATO is between two and 20 parties (persons, companies or combination of both) who share a business interest with the view to making a profit.

PayPal and the Banks Need Evidence!

This agreement has the required clauses to keep them happy as well as ticking all the boxes for e-bay businesses who are required by Paypal to show a partnership contract. Paypal will lock away your income until you show evidence of this agreement being in place so be prepared. This agreement is suitable for two people, three person or four person partnership. So when we ask ‘Do you want this agreement?’ — the answer will be a resounding ‘YES!

So what do you need to do?

Apart from that, ALL business advisers agree that an agreement should be set up prior to commencement of the business.

No Exceptions!

Don’t fall for the ‘we’re friends — we don’t need a contract’ line. It’s your life, it’s your money — protect it. Remember this is BUSINESS — it has nothing to do with personal relationships. The agreement is a contract between you and your partners on the ‘rules of engagement’ in business. And besides, if everything really is hunky dory and legitimate, writing up contracts and the necessary paperwork to cover yourself will just be par for the course.

Testimonials

This is what one customer said about our Partnership Agreement and Notes:

12.10.12 We used the form yesterday. Must say, excellent document and notes. It not only guided us but allowed us to tailor it to our specific requirements exactly. Well worth the money and we will bookmark you so that when we need new docs your site will be the first port of call. Cheers Chris Scholz THINK Facilities Management.

CONSIDER THE FIVE MOST IMPORTANT REASONS WHY YOU SHOULD PURCHASE OUR PARTNERSHIP AGREEMENT COURSE AND TEMPLATE:

  1. Stuart Carr and the 1 page business plan for small businessYou can have it QUICKLY
  2. It’s comprehensive — includes ALL aspects
  3. Includes an interview with small business experts about partnerships — it’s relevant and up to date
  4. It’s inexpensive
  5. Training Workbook gives you education about each clause
  6. Partnership agreement is in Microsoft Word format for you to edit as you please

 

Your Official Partnership Agreement

To Finalise your Agreement when you have a finished your written agreement, each partner will need an original signed copy of your agreement. Anyone can witness your signature — in fact you can witness each others. Setting up your agreement this way is totally effective as all partners have to be fully involved in the decision making process and then as a consequence they then commit to the partnership principles.

Finally, remember you are going into business and can’t expect everything to be handed to you on a platter. Taking short cuts at the beginning could come back to bite you later. If you are in a partnership business — even if that partner is your spouse — the ATO will require you to have a partnership agreement.

 

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PARTNERSHIP AGREEMENT COURSE AND TEMPLATE

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Online student support and mentor phone support.

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WANT TO IMPROVE YOUR CREDIT MANAGEMENT PROCEDURES? Find out more about our new Start Up Academy Cloud Package for smart business people and bookkeepers wanting to tightly control their finances with Xero. This package also comes with our comprehensive “Credit Management Guide”

Or check out our suite of Xero online training courses, where everything is included! Xero is a great tool for reconciliations, payroll and all day-to-day transactions. Enrol in our Xero online training courses now.

 

Register for the free business partnerships email course and discover the important information you need to discuss with your partners and include in your agreement

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