The Lousiana partnership agreement, signed by the partners of a business, will detail each one’s authority and describe the company they manage. Louisiana partnerships can provide a variety of benefits to the participating entities in that each will share a predetermined level of responsibility to the company thereby easing the burdens that may be involved.
It should be noted that a Louisiana business partner may be a formal entity such as a corporation so long as a duly appointed representative of that corporation has been elected to enter this agreement on its behalf.
State Definition
“A partnership is a juridical person, distinct from its partners, created by a contract between two or more persons to combine their efforts or resources in determined proportions and to collaborate at mutual risk for their common profit or commercial benefit. Trustees and succession representatives, in their capacities as such, and unincorporated associations may be partners.”
Templates (5)
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