About the Partnership Agreement

Purchased a negatively geared house with your partner? Operate a law firm in a partnership? A documented Partnership Deed ensures that you and your partners know where you stand. It is also evidence to the Australian Taxation Office (ATO) that you are running a business.

Taxation law says that if you are sharing profit with another party from a venture (for example, an investment property), then you are in some type of partnership. But it needs to be a business partnership to get tax benefits. A Partnership Deed supports your argument that you are in a true business.

This Partnership Deed covers the basic issues. Many people are in a partnership without knowing it. For example, you and your brother bought a house and rent it out. You are, by Common Law, in a partnership with your brother.

If you don’t have a Partnership Deed, you have to rely on State laws if anything goes wrong. Some of them are over 100 years old. For example, what happens if a partner loses his mental capacity to make decisions, or worse, a partner dies or a partner wants to get out of the partnership? A Partnership Deed deals with these issues.

A Partnership Deed clearly sets out what everyone is meant to do under many business situations.
You can start building this Partnership Deed for free. You can read all the hints for free. You can read the summary for free. It is only at the end that you are invited to purchase the document. Press start and have some fun learning about Partnership Deeds.

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Would you like to know in advance whether this document contains all of the clauses and provisions you need?

Depending on how you answer the questions, there are many possible ways your final document will look. However, we have produced an example based on the most common answers.

To see a sample of what your ‘Partnership Agreement’ will look like, click here.

Note: The sample of your ‘Partnership Agreement’ may not be the complete document. Most of our samples only provide you with the first few pages of the document. If you wish to see the entire document, just purchase the document. If you are not happy with the document for any reason let us know and we will happily refund your money.

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You are welcome to print out the questions. The sample questions includes most of the questions asked when building ‘Partnership Agreement’. Just download the PDF document and print it out.

Law Central Co Ltd that owns and operates www.lawcentral.com.au is not a law firm. We can not give you legal advice. If you don't understand the question then refer to the hints at www.LawCentral.com.au. Later, you can type in your answers at www.LawCentral.com.au and finish building your document.

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