Checklist for Starting a Business Partnership

If you are thinking of starting a partnership, below is a basic checklist of steps to take before you open your firm. Keep in mind that your partnership's startup requirements might vary from the list below, depending on the type of firm, and where your business is located.

-- Decide on a name for your partnership.

-- Search availability of the chosen name, and for similarity to existing names.

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-- Register your partnership name (including as a "fictitious business name"). 9516225

-- Create and sign a written partnership agreement .

-- Register your partnership by filing a "certificate" or "registration" of partnership with the Secretary of State office. This step is required most often for limited liability partnerships (LLPs) and limited partnerships, as opposed to general partnerships.

-- Obtain business licenses and permits for your partnership. These will vary according to state and locale.