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Investments, shares, profit and loss distribution, and even procedures for separation are included in one page. The A4 preview on the right is reflected immediately and can be saved as PDF or Word.

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01Business Overview
02Investment and shares (automatic total of investment amount)

Check whether the sum of share ratios is 100%. If labor investment is recognized as equity, the level and duration of work must be written in the decision box or special agreement below.

03Operation and withdrawal
04Business partner contact information / contract date
05Signature / Seal

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Preview · A4

Page 1 · Actual output ratio

partnership agreement

PARTNERSHIP AGREEMENT

name of business Business start date
purpose of business
Business location

Investment and shares

name Investment type Investment amount (KRW) Share ratio (%)
Total investment amount 100

The above partners enter into the following contract to jointly manage the business.

  1. Article 1 (Purpose) The partners jointly manage the above business, and this contract determines matters regarding investment, profit and loss distribution, business execution, and withdrawal.
  2. Article 2 (Investment) Each partner shall make the contribution specified in the table above by the business commencement date. Partners who contribute through labor perform their work in accordance with the conditions stated in the table, and if they fail to do so, other partners may request an adjustment of their shares.
  3. Article 3 (Distribution of Profit and Loss) Profits and losses arising from the business are distributed according to the above share ratio. The time and method of profit distribution shall be determined by agreement of all partners.
  4. Article 4 (Execution of duties) Everyday work should be performed within the scope of each person's responsibility, but the following matters must be agreed upon by all members.
  5. Article 5 (Accounting and inspection) The income and expenses of the business are managed only by accounts in the name of the business, and each partner may request to view the ledger and account details at any time. Settlement of accounts is made within three months after the end of each fiscal year.
  6. Article 6 (Withdrawal) The business partner is You can withdraw your membership by notifying the other partners in writing one day in advance. The share of a withdrawing partner is settled in the following manner.
  7. Article 7 (Transfer of shares) A partner may not transfer his/her shares to a third party or provide them as collateral without the written consent of all other partners. When transferring a share, another partner may purchase it first under the same conditions.
  8. Article 8 (Dissolution and Liquidation/Jurisdiction) When all partners agree or the purpose of the business cannot be achieved, the business is dissolved, debts are paid, and the remaining assets are distributed according to the share ratio. Disputes regarding this Agreement shall be the court of first instance jurisdiction.

To prove this contract, prepare a contract for each partner, sign or seal it, and keep one copy for each partner.

business partner 1

address

contact

name (person)

business partner 2

address

contact

name (person)

business partner 3

address

contact

name (person)

Longer content will have an A4 border and page count. One sheet of writing instructions is added to the Word file.

What kind of document is a partnership agreement?

A partnership agreement is a document in which two or more people agree to do business together by contributing money or labor, and determine what and how much they will pay and how they will share profits and losses. As long as things are going well, there is no need to take out the contract, and you only need it when a problem arises.

So this format puts more weight on the ending condition than the starting condition. If you do not decide when to notify your withdrawal, how shares are calculated and settled, and whether the remaining party has the right to buy first, the business itself will come to a halt.

Standards are especially needed when recognizing labor contribution (participation through work instead of money) as equity. If you don't write down how long you have to work and at what level to maintain your stake, you will have no grounds to argue when participation decreases a few months later. If the relationship is only lending money, it is not a partnership. IOUThis is correct.

If there is information to protect each other while working together, confidentiality agreementIt is safer to keep it separate.

Formatting

The text is one A4 page. The business summary and contribution table are at the top, followed by eight provisions and party indications. If you download it in Word, a page of writing instructions will be attached at the end.

1Business and investment

  • Name, purpose and location of business
  • Business start date
  • 3 lines of investment details by partner (name, investment type, investment amount, share ratio)
  • Automatic sum of total investment

2Articles and Parties

  • Articles 1 to 8 (Purpose, Investment, Profit and Loss Distribution, Business Execution, Accounting, Withdrawal, Share Transfer, Dissolution and Liquidation)
  • Dispute Resolution and Jurisdiction
  • Partner information and signature or seal

I recommend this to people like this

People who start a business together

If you want to start by only verbally determining the investment and shares.

A partner who participates as labor

When it is necessary to document the conditions of participation through work instead of money.

Small business that receives investors

Cases where authority must be divided between those who provide funds and those who operate.

Parties about to dissolve a partnership

If the procedure is blocked due to lack of withdrawal and settlement criteria.

Things you can easily miss when writing

  1. 01Be sure to check that the total share ratio is 100%. This is the most common mistake.
  2. 02Write down who gets to decide what. If you set a standard such as unanimous consent for spending over a certain amount, disputes will be reduced.
  3. 03Include a clause that allows you to view your bankbook and accounting data at any time. Without access, there is no way to check the moment trust is broken.
  4. 04When withdrawing, set the settlement standard date and evaluation method in numbers. “Decided through consultation” is of no help when there is no agreement.
  5. 05Make as many contracts as there are people and keep one for each person.

Frequently Asked Questions

How do I register a business if I only use a partnership agreement?

If you register as a joint venturer, the income is distributed according to the share ratio stated in the contract and each person reports it. Registering under one person's name and dividing it internally can easily cause tax problems. Please consult your tax accountant first regarding the registration form.

Is labor investment also recognized as equity?

It can be recognized if the parties agree. However, you must also write down the criteria for “how long you will work and at what level” and what will happen to your share if you fail to meet the conditions. If you only give shares without criteria, you will fight later.

What if one person decides to leave?

This form includes provisions for the notice period for withdrawal, method of equity settlement, and the preferential purchase rights of remaining partners. The key is to set the settlement standard date and evaluation method (book value or appraisal) in advance.

Are losses also divided according to shares?

It can be determined by agreement, and unless otherwise determined, it will be based on the investment ratio. However, since each member may be responsible externally for the union's debts, it is important to be aware that the internal sharing ratio and external responsibility are different.

Is what I write saved on the server?

It is not saved. The information you enter and the uploaded stamp photo are processed only within the browser, and PDF and Word files are also created on the user's device.

This is general information for guidance purposes only; tax treatment and scope of external liability will vary depending on business type. If the contribution is large, have it reviewed by a tax accountant or attorney before signing.

Partnership Agreement Reviews

These are stories left by people who actually wrote and submitted a partnership agreement. It contains notes on areas where you got stuck while writing or the results after submission, so it is often more helpful than a guide for first-time users.

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