Canada Partnership Agreement for Professional Corporations

Set up a partnership between two Canadian professional corporations with this Partnership Agreement for Professional Corporations.

This form of partnership arrangement can be used by legal, accounting, architectural, consulting, medical or other professionals to help share the costs of the practice, as opposed to operating as a sole practitioner which can be much more costly and constitute a much larger business risk.
The Partnership Agreement outlines how the business and operations of the partnership will be conducted, and the responsibilities and capital contributions of each of the partners.
Each partner is responsible for paying his/her own debts, and must keep the partnership property and the interests of other partners free from claims or demands.
Partners cannot assign their interest or incur liabilities which might put their interest in danger of attachment.

This Canada Partnership Agreement for Professional Corporations is provided in MS Word format, and is fully customizable to fit your business needs.