Arkansas General Partnership Package

State:
Arkansas
Control #:
AR-P022-PKG
Format:
Word; 
Rich Text
Instant download

Description

With this General Partnership Forms Package, you will find the general forms that will assist you with the formation, management and dissolution of a partnership. You may modify these forms to suit your particular needs or situation.


Included in your package are the following forms:


1. A Simple Partnership Agreement;


2. A Sample Complex Partnership Agreement


3. A Buy Sell Agreement between Partners in a Partnership;


4. A Profit  Loss Statement; and


5. An Agreement for the Dissolution of a Partnership.


Purchase this package and save up to 40% over purchasing the forms
separately!

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How to fill out Arkansas General Partnership Package?

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  6. Ensure you are downloading the correct state-specific form.

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FAQ

Types of Partnership General Partnership, Limited Partnership, Limited Liability Partnership and Public Private Partnership.

Approval time is 2-3 days if you file online and 1-2 weeks if you file by mail. After your Arkansas LLC is approved, complete your Operating Agreement and get an EIN Number (aka Federal Tax ID Number) from the IRS. Then make sure to pay your Arkansas Annual Franchise Tax every year to keep your LLC in compliance.

There are three relatively common partnership types: general partnership (GP), limited partnership (LP) and limited liability partnership (LLP).

A partnership is a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates.There are three types of partnerships: General partnership. Limited partnership. Joint venture.

How much does it cost to form an LLC in Arkansas? The Arkansas Secretary of State charges a $45 fee to file the Articles of Organization online and $50 if filed by mail. You can reserve your LLC name with the Arkansas SOS for $25 if filed by mail or $22.50 if filed online.

No Separate Business Entity from Partners. Partners' Personal Assets Unprotected. Partners Liable for Each Others' Actions. Partnership Terminated Upon Death or Withdrawal of One of the Partners.

Aside from formation requirements, the main difference between a partnership and an LLC is that partners are personally liable for any business debts of the partnership -- meaning that creditors of the partnership can go after the partners' personal assets -- while members (owners) of an LLC are not personally liable

General Partnership: Limited Partnership: Limited Liability Partnership (L.L.P): Partnership at Will: Particular Partnership:

LLC partnership (also known as a multi-member LLC) Limited liability partnership (LLP) Limited partnership (LP) General partnership (GP)

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Arkansas General Partnership Package