Free LLC Operating Agreement Template. ... Granted, creating one can be a challenge so we created a free LLC operating agreement to help you get started. Featured Partners. Advertisement. 1.

A partnership agreement is legal document outlining how a company is managed as well as the roles, responsibilities and benefits of each partner involved.

Under the template for a 50/50 partnership agreement, each partner shares equally in any profit or loss generated from the business. ... Do Partnerships Have to Have an Operating Agreement?.

Drafting an operating agreement is a common business practice for startup LLCs. An LLC is a small-business structure where the company enjoys legal treatment closer to that of a corporation ...