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Amy Firmin
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Partnership agreement template

Amy Firmin
Posted Oct 24 2022, 20:00

I have been flipping homes for several years but would like to start involving and teaching my adult children on becoming a partner. Does anyone have a partnership agreement template?

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Curtis Bluth
  • Real Estate Agent
  • Gilbert, AZ
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Curtis Bluth
  • Real Estate Agent
  • Gilbert, AZ
Replied Oct 25 2022, 07:11
Quote from @Amy Firmin:

I have been flipping homes for several years but would like to start involving and teaching my adult children on becoming a partner. Does anyone have a partnership agreement template?

I know this isn’t a popular answer, but rocket lawyer has some decent pre made templates. Their service costs a little money, but you have access to plenty of different templates to choose from.

Hope this helps!

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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
Replied Oct 25 2022, 07:14

I have a JV agreement I can share with you

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Amy Firmin
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Amy Firmin
Replied Oct 26 2022, 06:04
Quote from @Eliott Elias:

I have a JV agreement I can share with you


 Thank you! That would be great

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Amy Firmin
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Amy Firmin
Replied Oct 26 2022, 06:04
Quote from @Curtis Bluth:
Quote from @Amy Firmin:

I have been flipping homes for several years but would like to start involving and teaching my adult children on becoming a partner. Does anyone have a partnership agreement template?

I know this isn’t a popular answer, but rocket lawyer has some decent pre made templates. Their service costs a little money, but you have access to plenty of different templates to choose from.

Hope this helps!

 Thanks! Great idea

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Brandt Matthews
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  • Houston, TX
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Brandt Matthews
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  • Houston, TX
Replied Mar 14 2023, 10:19
Quote from @Amy Firmin:
Quote from @Eliott Elias:

I have a JV agreement I can share with you


 Thank you! That would be great


 Hey Amy! I'm in need of a partnership agreement template as well! Did you happen to find one or do you have one you can share with me by chance??

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Amy Firmin
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Amy Firmin
Replied Mar 15 2023, 16:36

Hey Brandt! I did not have luck finding one  Sorry   Someone on here was suppose to email one to me but I am sure life got busy and they forgot :(

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Ahmad Stokes
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Ahmad Stokes
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Replied Oct 27 2023, 16:57
Quote from @Eliott Elias:

I have a JV agreement I can share with you


 Elliot, Can you share the template?

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Barry Ruby
  • Developer
  • Boulder, CO
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Barry Ruby
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Replied Oct 28 2023, 07:37

@Amy Firmin

Amy,

If you are bringing your kids in to teach them the business, letting them know that trying to cut costs by saving on legal fees is definitely not the best advice.

A partnership template may technically cover the needs of the parties at its inception but may not be sufficient to cover the eventualities that can arise in real time.

If you do find that template, spending a few bucks to have an experienced eyeballs on it to button it up seems like a good idea.

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Langston Carr
  • Realtor
  • Little Rock, AR
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Langston Carr
  • Realtor
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Replied Nov 28 2023, 16:22
Quote from @Eliott Elias:

I have a JV agreement I can share with you


 I would love to have a copy of this agreement if possible.

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Stuart Udis
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Stuart Udis
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  • Attorney
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Replied Dec 8 2023, 04:04

Highly recommend retaining legal counsel to draft a partnership agreement that meets your particular needs. There are a lot of considerations, some of which are particularly important if family members are involved. 

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Replied Mar 8 2024, 14:46
Quote from @Eliott Elias:

I have a JV agreement I can share with you

Hi @Eliott Elias! Do you mind sharing with me too please? I can be reached at: [email protected] Thank you!