Partnership agreement

A formal partnership agreement is not essential for a partnership to exist, but it’s a good idea. It can save misunderstandings and disputes about what each partner brings to the partnership and what they are entitled to receive from the income of the partnership. A partnership agreement can be verbal, in writing, or it may be inferred from the conduct of the parties.

Starting a small business

Steps Progress

Is my hobby a business?

9 mins

Business structures overview

5 mins

Business registrations

5 mins

Sole trader structure

7 mins

Partnership structure

10 mins

Company structure

13 mins

Trust structure

7 mins

Small business support

10 mins

Related courses

1 mins

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