Templates and guides for sharing a business: free joint venture and partnership agreements, the difference between a one-project venture and an ongoing partnership, and the liability and tax rules that come with each.
A buy-sell agreement serves as a preemptive contract for multi-owner businesses, outlining who can buy an owner’s stake during various triggering events like death or divorce. Key components include valuation methods and funding mechanisms, with life insurance as a common funding source. Recent legal changes favor cross-purchase structures due to tax implications.
Teaming up with another business for one specific project? A joint venture agreement sets out who contributes what, who makes which decisions, how profit and loss get split, and how the venture ends, so a short-term collaboration does not quietly…
Going into business with a partner on a handshake means your state’s default rules quietly write your agreement for you, and they rarely match what either of you intended. A partnership agreement fixes that. It defines who contributes what, how…