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?
- T ELv 71 decade agoBest 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