A Wisconsin partnership agreement governs a business through the regulations its provisions present. All such rules in this contract including those that control the roster will result from the final negotiations of the Wisconsin partners. This paperwork will also declare the Wisconsin partnership’s tax status, financial structure, and goals. Generally, the more comprehensive the contract, the more likely the Wisconsin partnership will benefit from having a full set of rules for its operation.
“(12) “Partnership agreement” means the agreement, whether or not referred to as a partnership agreement and whether oral, implied, in a record, or in any combination thereof, of all the partners of a partnership concerning the matters described in s. 178.0105 (1). The term includes the agreement as amended or restated.”