The Missouri partnership agreement lays out the business model and partnership structure of an entity on paper. A Missouri partnership that has executed its agreement early on will have a clear method to prove a partner’s authority and the company’s existence and tax status.
In Missouri, such an agreement is considered a contract so long as it remains compliant with state and federal law. Since a binding contract linking an individual or business entity to a partnership can have long-lasting effects, every partner behind the Missouri business should sign this paperwork only when satisfied with its content.
(9) “Partnership agreement“, any valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business.