Set Income Pledge To One Partner {PAR-320} | Pdf Fpdf Docx | Legal Forms

 Legal Forms   Business   Partnership 
Set Income Pledge To One Partner {PAR-320} | Pdf Fpdf Docx | Legal Forms

Last updated:

Set Income Pledge To One Partner {PAR-320}

Start Your Free Trial $ 13.99
200 Ratings
What you get:
  • Instant access to fillable Microsoft Word or PDF forms.
  • Minimize the risk of using outdated forms and eliminate rejected fillings.
  • Largest forms database in the USA with more than 80,000 federal, state and agency forms.
  • Download, edit, auto-fill multiple forms at once in MS Word using our Forms Workflow Ribbon
  • Trusted by 1,000s of Attorneys and Legal Professionals

Description

SET INCOME PLEDGE TO ONE PARTNER This addendum to the Partnership Agreement dated , , states that, is entitled to a minimum salary of dollars ($) per year for services performed on behalf of the Partnership. This salary shall be taken from the net profits of the partnership before any subsequent distribution of profits to the partners occurs. In the event that the net profits of the partnership are not enough to pay the aforementioned salary, the partners shall contribute capital, in proportion to their interest in the partnership, which is sufficient to cover the deficit. Partner Signature Date Partner Signature Date American LegalNet, Inc. 251 www.FormsWorkFlow.com

Related forms

Our Products