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You and a business associate have decided to go into business together in a partnership
and so you'd like to know what's involved in writing a partnership form. Hello I'm Robert
Todd and I'm here to answer questions. How do I write a partnership form? Well to begin
with, a partnership form is generally known in the legal terminology as a partnership
agreement and unless you have been involved with the drafting of a partnership agreement
previously either one for yourself or you were somehow involved we don't recommend that
you try to write a partnership agreement yourself. It is generally best to hire the assistants
and the lawyer that specializes in these types of agreements. First of all it is going to
designate who the partners are, what they're respective responsibilities and liabilities
are going to be, what happens with regard to their share of income, what happens with
regard to their share of losses and if the partnership is to dissolve, what happens with
respect to what their obligations are going to be. So again unless you have done this
before and feel comfortable doing it we strongly recommend that you seek legal council to do
it for you. I'm Robert Todd and thank you for watching.