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General Partnership Package Alabama Form

General Partnership Package Alabama Form

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the general partnership this is not another form of organization that can be that can be formed in the United States this is not a corporation as well it's a partnership as the words would meet you believe it's the simplest partnership that you can form in the United States and interestingly there isn't necessarily a filing that has to happen this can happen through verbal agreement or a handshake so you this is a fairly informal structure but it does have kind of a formal casing and some formal rules around it um one thing we should talk about is the verbal agreement or handshake can be written or oral though the oral version is binding believe it or not the states have different rules but it's binding and of course disputes are very common around oral agreements would be very difficult to prove what was spoken and said at what was written down there for a written agreement that lays out the responsibilities is something that's fairly common ins

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