Partnership Questionnaire

Creating a business partnership is complicated. Tough conversations become necessary. Some of the questions below may not apply to your situation, but we have included a thorough list of questions to get the conversation started between partners.

We recommend having a conversation about each of these topics with those involved in the partnership. Perhaps what will work best is to go over the questions during a conversation, then type the answers when decisions have been finalized. From your responses, we will select what important issues will need to be included in your partnership agreement and/or the operating agreement of your business together.

This questionnaire has sections that are mandatory and optional. If a question doesn’t apply to you, please write N/A. You can also write in “we’re not sure” if questions still need to be resolved.

 
Section 1: Mandatory Questions
Name of Partner 1 *
Name of Partner 1
Phone of Partner 1 *
Phone of Partner 1
Name of Partner 2 *
Name of Partner 2
Phone of Partner 2 *
Phone of Partner 2
Please provide names, contact information, any essential details about additional Partners
examples: general partnership, limited partnership, limited liability partnership (LLP) limited liability company (LLC).
What will each partner contribute to the business? Consider: • Cash • Skills • Property • Tools and equipment • Intellectual property (know-how) • Network and professional contacts • Reputation • Labor • Customers • Insurance, benefits, company perks
What will each partner contribute to the business? Consider: • Cash • Skills • Property • Tools and equipment • Intellectual property (know-how) • Network and professional contacts • Reputation • Labor • Customers • Insurance, benefits, company perks
For example, is this 50% / 50% ?
Section 2: Liability & Responsibilities
Section 3: Workload
Section 4: Working with Others
Section 5: Ownership Details
Section 6: Termination of Partnership