Partnership & LLCGeneral US

Free General US Partnership & LLC Agreement

Download a comprehensive, professional US Partnership & LLC Agreement template. Fully customizable, legally sound, and ready for your business needs.

346 wordsUpdated May 10, 2026

Who is this template for?

Two or more individuals starting a new business venture together as partners.
Small business owners transitioning from a sole proprietorship to a formal LLC structure.
Professional service providers (consultants, agencies) formalizing profit-sharing and management duties.
Real estate investors pooling capital into a joint venture entity.

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1. PARTIES

This Partnership and Operating Agreement (the "Agreement") is entered into as of [DATE] (the "Effective Date"), by and between [PARTY A NAME] residing at [ADDRESS A] ("Member 1") and [PARTY B NAME] residing at [ADDRESS B] ("Member 2"), collectively referred to as the "Members."

2. FORMATION AND PURPOSE

2.1 Formation. The Members hereby form a Limited Liability Company (the "Company") under the laws of the State of [STATE].

2.2 Name. The name of the Company shall be [COMPANY NAME], LLC.

2.3 Purpose. The purpose of the Company is to engage in [BUSINESS DESCRIPTION] and any other lawful business activity permitted under the laws of the State of [STATE].

3. TERM

3.1 Duration. The Company shall continue in existence until dissolved in accordance with the provisions of this Agreement or by operation of law.

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