Question

Satch marcel RSHIP AGREEMENT Template - Word erences Mailings Review View Help E E ALT I. AaBb • Аавьс. Аавьссо овьссом. Аав 1 Heading 1 T List Bullet 1 Normal Signature 1 Title HD Paragraph Styles PARTNERSHIP AGREEMENT of the Brown & Thompson This AGREEMENT of PARTNERSHIP is made as of September 15, 2020, by and between the undersigned Partners. 1 Formation The undersigned hereby form a General Partnership in, and in accordance with the laws of, the State of Arizona. IL Name The name of the Partnership shall be Brown & Thompson Co, L.P., a Arizona limited partnership. 111 Capital Contributions (Identify the Partners and what contributions they are making to partnership Assets such as cash, equipment, buildings, and/or land.) Partners original investment per rubric is $300,000. Rights and duties (identify the Partners and their individual responsibilities in the Partnership... Manage the business, marketing, accounting, sales, etc. Is it a Limited Partnership where one or more Partners do NOT have responsibilities?) o Bicy 99 hp

kind of lost when it comes to the original investment which is 300,000. This is a partner ship agreement slip for class and just need some assistance with it

Answer 1

Th capital contribution is the amount of money the partner is required to pay into the partnership in order to become a partner. Even if the amount is zero, the partnership agreement should specify that the amount is zero. Similarly, the partnership agreement should identify how and when new partners may be added to the partnership, and the amount of capital contribution the new partners will have to make. For instance, the partnership agreement may require a unanimous vote of all existing partners, a simple majority or some other objective test for new partnership recruits.

Capital Contributions. The capital contributions of the Partners to the Partnership are and shall be sums equal to the amount of $300,000.00 by Brown and Thompson.