Adding a partner to a General Partnership?

My friend and I have a General Partnership. We have the business name and partnership agreement recorded in the the State of Iowa. We would like to add a third person to the partnership. How would we do this?

1 Answer

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  • T E
    Lv 7
    1 decade ago
    Best Answer

    amend your prior partnership agreement to add the 3rd partner, listing his contributions (cash and others) and responsibilities, as such he has 1/3 interest in the partnership

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