Certificate of Partnership

A Certificate of Partnership is a legal document filed with the state that establishes the existence of a partnership. It includes the partnership’s name, the names of the partners, the partnership’s purpose, and the partnership’s principal place of business. The certificate also outlines the partners’ roles and responsibilities, as well as their ownership interests in the partnership. Filing a Certificate of Partnership is often required by law and helps to protect the partners’ personal assets from the partnership’s liabilities. It also provides a public record of the partnership’s existence and can be used to open bank accounts, obtain licenses, and enter into contracts on behalf of the partnership.