Share & Collaborate Legal Arkansas Startup for Partnership Forms For Free
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NOTICE: Some internet browsers have a built in PDF viewer that may not be compatible with our forms. Partnerships can be created informally or formally when two or more people want to come together to run a business. A General Partnership is a formal agreement between two or more people to operate a business together. Starting a new business in Arkansas can be fun, yet difficult. Call The Law Group of Northwest Arkansas PLLC at (479) 316-3760 for help. Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-463-101 — 4-119-105) Subtitle 4 - PARTNERSHIPS (§§ 4-42-101 — 4-47-1302) Chapter 46 - UNIFORM PARTNERSHIP ACT (1996) A business cannot be an LP in Arkansas unless it meets some prerequisites. An LP must have at least one limited partner and one general partner. Limited partnership: You must file a Certificate of Limited Partnership (Form LP-01) with the SOS to form your limited partnership. A Limited Partnership Agreement (LPA) is a legally binding contract that outlines the terms, conditions, and governance structure of a limited partnership.
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