Types of Business Partnerships

types of business partnershipsA People’s Choice can save you hundreds of dollars by preparing your California partnership agreement and other business organizational documents instead of an expensive attorney!

A partnership is created when two or more people establish a business with the intent to share in the business profits and losses. In a partnership, each person contributes something to the business. The individual contribution can be a variety of things such as property, money, services, ideas or any combination. The right to manage the business, each individual’s share of profits and their individual personal liability may vary, depending on the type of partnership that is established.

The four typical types of partnerships are a general partnership, limited partnership, limited liability partnership (LLP) or joint venture. Below are basic summaries of these main types of business partnerships.

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A People’s Choice can save you hundreds of dollars by preparing your business partnership documents instead of an expensive attorney!

A People’s Choice can save you hundreds of dollars by preparing your California partnership and other business organizational documents instead of an expensive attorney!

Business Services We Offer Price
General Corporation Includes standard minutes, bylaws, resolutions, stock certificates and corporate folder. Secretary of State fee: $100.00 $275
S-Corporation (Includes S-Corp election) Includes standard minutes, bylaws, resolutions, stock certificates and corporate folder. Secretary of State fee: $100.00 $310
LLC Includes Operating Agreement and corporate folder. Secretary of State fee: $70.00 $399
Professional Corp Includes Bylaws. Secretary of State fee: $100.00 $499
Non Profit Corporation Includes standard minutes, bylaws and corporate folder. Secretary of State Fee: $30.00 $499
501(C)(3) Non Profit Federal Tax Application $599
Dissolve Corporation $200
Walk Through Service with Secretary of State (turn around time 7-10 days) $165
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IRS S-Corp Election only $50
Obtain Tax ID Number $50
Statement of Information $50
Fictitious Business Name Includes facilitating processing and publication (filing fee and publication fees vary from county to county). $175
Basic Partnership Agreement $300
Business Sales Agreement $300
Copyright Standard Application $150
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