dba partnership agreement

in such cases, the business is considered to be “doing business as,” or dba for short. dbas need to be registered with either local or state agencies, depending on the requirements of the area in which the business operates. with owners of major franchises, the franchisee owns the rights to use the name of the franchise. the name of the individual franchisee is unknown to the general public, and using that name for the primary business purposes would greatly hinder the success of the company, especially since the franchise name is so readily recognizable. any company regardless of business structure can use a fictitious name. partnerships, limited liability companies and corporations using a fictitious name should establish the name during the business startup, if possible.

include the fictitious name in operating and partnership agreements as well as the articles of incorporation. like a sole proprietorship, a general partnership might decide to use a fictitious name to present a larger and more professional appearance to the general public. hence, that organization may choose to use the fictitious name national custodial services to draw from a wider customer base. companies wishing to protect their fictitious name should register for a trademark though the u.s. patent and trademark office. a trademark may be protected without registration if it can be proved that the name or mark in question originated with the company before any other organization used it. during that time, she has written for such major corporations as anteon, general dynamics, and wackenhut. she holds a degree in history from columbus state university.

the agreement serves two purposes: it creates a legal document that provides for the rights and responsibilities of each partner and it provides you with legal recognition from the state, allowing you to do business. the exact process for filing a partnership agreement varies slightly from location to location, although the overall concept is the same no matter where you live. in general, the partnership agreement should contain the full legal name of each partner, the name of the business, what percentage of capital each partner is contributing, how the profits will be split, how new partners will be admitted and how the partnership can be terminated. contact the secretary of state’s office in your state and ask for the papers on forming a partnership. the most common is a general partnership agreement, a pact in which at least two people agree to form a business. you could also form a limited partnership, which is a business that is only participating in a single project, if you do not expect this to be a long-term business.

request from the secretary of state’s office a “doing business as” or dba form, which you must file to claim your business name. you will need to file this separately from your partnership agreement, using the instructions provided by your state. check the instructions carefully before you sign it, as some states require that the form be notarized. this means that each partner will need to sign the form in the presence of the notary public. if your state requires that the partnership form be notarized, have this done at the same time. take the partnership agreement and the partnership form to your secretary of state’s office. pay the required filing fee at the time you submit your partnership form.

while no law requires a business of any size or structure — including a general partnership — to use a fictitious name, some businesses find fictitious request from the secretary of state’s office a “doing business as” or dba form, which you must file to claim your business name. you will need to file this a partnership agreement allows you to structure your relationship with your partners in a way that suits your business. you and your partners can establish the, 50 50 partnership agreement template, 50 50 partnership agreement template, small business partnership agreement pdf, free partnership agreement template, general partnership agreement pdf.

create a general partnership agreement in three simple steps. you’ll need to register a dba (“doing business as”) name, also known as a fictitious name, a partnership agreement is a legal document that dictates how a small for-profit business will operate under two or more people. a partnership agreement is a legal document for two parties to set the terms for a business partnership. make yours for free and save, print & download., 10 elements of a partnership agreement, general partnership agreement template.

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