Wednesday, March 4, 2015

How do you set up a partnership?

How do you set up a partnership?
Partnerships are set up differently in different states in the U.S., and in different countries. Every state now has some statute that contains the rules for how a partnership is to be set up. In most states, once you have a group of people together who want to work as partners, the state requires that the appropriate state agency must provide you with a form, which must then be filled out and returned to that agency.Usually these type of forms can be downloaded from the website of the agency, and usually the agency is under the Secretary of State or some office with a title like "State Corporations Office" or "Enterprise Support".The forms will usually require you to say who the officers and members of the partnership are, where its headquarters will be, and what type of business it will engage in. You will also probably have to pay some kind of filing fee.

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