The Wyoming partnership agreement puts the governing body of a business in place by naming every partner of the company. The power to commit the company to contracts will also be assigned to the Wyoming partners in this document. It is therefore important that the Wyoming partners discuss their expectations honestly and combine their knowledge when developing this contract.
It should be mentioned that this paperwork must be compliant with state law at all times in order to be enforceable therefore, the Wyoming business partners must make sure to remain abreast of the current codes.
State Definition
“(ix) “Partnership agreement” means any valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business.”
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