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Partnership Agreement
NextGen Docs form ND-1054. Search ND-1054 on docs.ngz.ca to make this document again.
Two or more people starting a business together: who puts in what, how profits split, and what happens if someone leaves.
Start this document $2.99 or in the monthly planHow it works
What you will fill in
- First partner's full name
- Second partner's full name
- Business name
- What will the business do?
- What does each partner put in?
- How are profits and losses split?
- How are big decisions made?
- Spending limit without asking the others ($)
- Province
- Start date
Good to know
- In a general partnership each partner is personally responsible for all the business's debts. Many people incorporate instead; ask an accountant.
- Register the business name with your province (in Ontario, through ServiceOntario) and get a business number from the CRA.
- For a big investment or property, have a lawyer review this before signing.
Help in your language
Every question comes with help like this. For example, “First partner's full name”:
English: Person or company.
اردو: پہلے شراکت دار کا پورا نام۔
ਪੰਜਾਬੀ: ਪਹਿਲੇ ਹਿੱਸੇਦਾਰ ਦਾ ਪੂਰਾ ਨਾਮ।
हिन्दी: पहले साझेदार का पूरा नाम।
Français: Une personne ou une entreprise.
Questions people ask
How much does the Partnership Agreement cost?
It is free to fill in and preview. To download it, buy just this one for $2.99 or use a plan (Monthly $9.99, or Yearly $79); new accounts get 7 days free with no card needed.
Can I fill in the Partnership Agreement in Urdu, Punjabi, Hindi or French?
Yes. The finished document is in English, but every question has plain help in English, Urdu, Punjabi, Hindi and French, and you can speak your answers.
Do I need a lawyer?
Many people use this document on their own. If your situation is complicated, or a lot of money or your home is involved, talk to a lawyer or licensed paralegal. In Ontario, the Law Society Referral Service (findlegalhelp.ca) gives a free 30-minute consultation.
Is my information private?
Only you can see your answers. They are saved on your device, and in your own account if you sign in, so you can finish on another device. NextGen Docs is not a law firm and does not give legal advice.