Here is an example of a partnership contract for a typical investment club that uses bivio for its accounting. In addition to each topic, there is a link to a page that explains the thoughts you might make when integrating into your own agreement. Here you will find a copy of this agreement, which you can easily edit for your own use. Capital deposits. The partners regularly pay capital contributions into the partnership on the day and the amount set by the partnership and defined in the operating procedures. However, no partner may own more than 2.0 times the percentage of the club he/she represents in number of members. For example, in a club of 10 members, no member can hold more than 20% (2 x 1/10 =.20 or 20%) of the capital accounts of all partners. Things to consider Partners may designate one or another broker for securities trading; However, the partnership must not give any discretionary bargaining power to a broker. Cost. The costs of the partnership are allocated to the partners by their percentage of the shareholding in the company (paragraph 7) at the time of the appearance of the costs. However, if, at the partnership meeting at which the decision on costs is taken, the partnership decides by a majority that an expenditure benefits at the same level as any partner, an expenditure may be allocated and allocated to the same amount to each partner, regardless of its percentage of ownership. Things to remember Partners are entitled to make additional deposits of at least __ (_ &_/$100) at each regular meeting of the partnership, provided that the capital contribution of the non-corporation exceeds at any time _____ percentage of the total capital of the partnership. Profits and losses are attributed to each partner in the ratio that brings his capital to the total capital of the partnership.
With this warning in mind, make sure there is a deal if you are entering into an investment club. Make sure all parties are signatories to the agreement. If a partner leaves the partnership, you should always require them to have a flawless agreement with the partnership and all other parties as part of that withdrawal. This approach has been included in the document above. 2. Name. The name of the partnership is Tiger Investment Group. 16-A. Transfer of trust. A supplement may, after written notification to the other supplements, transfer its interest in the partnership to revocable living trusts of which it is the grantor and sole agent. .