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Partnership Agreement

Document detailing individual obligations, roles, and contributions of business partners in a partnership.

A partnership can be a:

  • General partnership: Each partner is personally liable for the total debts of the business
  • Limited partnership: Each partner is liable only for as much as he or she invested in the business

You may be asked to provide a copy to show each partner’s rights and responsibilities in the partnership.

Tips for a smoother application process

  • Make sure documents are clear and legible.
  • Don't alter any pages (no strikethroughs, cross-outs, etc.).
  • Send all pages, even the blank ones.