A New York Statement of Partnership or Joint Ownership is a legal document that outlines the terms and conditions of a business partnership or joint ownership arrangement between two or more parties located in New York state. It outlines the ownership percentage of each party, the rights and responsibilities of each party, and the duties and obligations of each party. The Statement of Partnership or Joint Ownership also provides a mechanism for dispute resolution between the parties. There are two main types of New York Statements of Partnership or Joint Ownership: General Partnerships and Limited Partnerships. A General Partnership is an arrangement between two or more parties where all parties have an equal share in the ownership of the business and all partners are personally liable for the business’ debts and obligations. A Limited Partnership is an arrangement between two or more parties where one or more parties have an ownership stake in the business, but the liabilities and obligations of the business are limited to the partners who have invested in the business. It is important for all parties to have a clear understanding of the terms and conditions of the New York Statement of Partnership or Joint Ownership before entering into the agreement. This document should be prepared by a legal professional and reviewed by all parties involved in the agreement.