Articles of Incorporation for Partnership are essential when establishing a formal business partnership in the United States. This document is required for official registration with state authorities and serves as the foundation for the partnership's legal existence. It includes crucial information about the partners, capital structure, management, and business purpose. The document must comply with state-specific requirements and may vary depending on the type of partnership (general, limited, or LLP). It provides legal protection and clarity for all partners involved and is often required for opening bank accounts, obtaining licenses, and conducting official business.
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1. Article I: Name and Purpose: Legal name of partnership and primary business purpose
2. Article II: Principal Place of Business: Official address and location of the partnership
3. Article III: Partnership Type: Specification of partnership structure (general, limited, or LLP)
4. Article IV: Partners: Names and addresses of all initial partners
5. Article V: Capital Contributions: Initial contributions of each partner
6. Article VI: Management: Management structure and decision-making processes
1. Article VII: Profit and Loss Distribution: Specific profit-sharing arrangements if different from capital contributions - used when profit distribution differs from standard proportional distribution
2. Article VIII: Dissolution Procedures: Specific procedures for partnership dissolution - used when partners want specific dissolution terms beyond statutory requirements
3. Article IX: Non-Compete Provisions: Restrictions on partner competition - used in professional services or competitive industries
1. Schedule A: Capital Contributions: Detailed listing of initial partner contributions
2. Schedule B: Partner Information: Detailed partner information including contact details
3. Appendix A: Partnership Agreement: Complete partnership agreement if separate from articles
4. Appendix B: Professional Licenses: Copies of required professional licenses or permits
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