Business Ownership Agreement Template

You can open the Business Ownership Agreement Template in multiple formats, including PDF, Word, and Google Docs.

Open Template

Sample

Business Ownership Agreement Template

Printable | Editable Form

PDF 1 PDF 2

Business Ownership Agreement Template (1)
Between:
[Name of Owner 1]
[Owner 1’s ID]
[Owner 1’s Address]
[Owner 1’s Phone]
[Owner 1’s Email]
And:
[Name of Owner 2]
[Owner 2’s ID]
[Owner 2’s Address]
Introduction:
This document outlines the terms of the ownership agreement between the parties involved in the business, effective from [Start Date], regarding the management and ownership rights of the business.
Clause 1: Business Structure
The business will be structured as [Specify structure, e.g., partnership, corporation, LLC].
Clause 2: Ownership Shares
Owner 1 shall own [Percentage]% and Owner 2 shall own [Percentage]% of the business.
Clause 3: Contributions
The financial and non-financial contributions of each owner are outlined as follows: [Specify contributions].
Clause 4: Decision-Making Process
All major business decisions will be made jointly, requiring a unanimous vote unless otherwise specified.
Clause 5: Profit and Loss Distribution
Profits and losses will be distributed in accordance with ownership shares on a [Monthly/Quarterly/Annual] basis.
Clause 6: Dispute Resolution
In the event of any disputes, the parties agree to resolve them through mediation before resorting to litigation.
Clause 7: Exit Strategy
Should any owner wish to exit the business, the remaining owner(s) will have the right of first refusal to purchase the exiting owner’s shares at a fair market value.
Clause 8: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Owner 1]
[Name of Owner 1]
[Signature of Owner 2]
[Name of Owner 2]
Business Ownership Agreement Template (2)
Between:
[Name of Owner 1]
[Owner 1’s ID]
[Owner 1’s Address]
[Owner 1’s Phone]
[Owner 1’s Email]
And:
[Name of Owner 2]
[Owner 2’s ID]
[Owner 2’s Address]
Introduction:
This agreement sets forth the terms and conditions under which the owners of the business will operate, commencing on [Start Date].
Clause 1: Purpose of the Business
The primary purpose of the business will be [Describe purpose].
Clause 2: Ownership Equity
Each owner shall have an equity stake as follows: Owner 1 – [Percentage]%, Owner 2 – [Percentage]%.
Clause 3: Initial Contributions
The initial monetary and resource contributions made by each owner are as follows: [List contributions].
Clause 4: Management Responsibilities
Owner 1 shall handle [Specify responsibilities], while Owner 2 will be responsible for [Specify responsibilities].
Clause 5: Distribution of Profits and Losses
Profits and losses will be allocated in proportion to ownership percentages, distributed on [Specify frequency].
Clause 6: Amendment Procedures
Any amendments to this agreement must be made in writing and signed by both parties.
Clause 7: Exit and Buyout Procedures
In the case of an owner wishing to exit, the buyout terms will be as follows: [Specify procedures].
Clause 8: Governing Law
This agreement is governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of Owner 1]
[Name of Owner 1]
[Signature of Owner 2]
[Name of Owner 2]

Template Online

Form

Please complete the form below to create the Business Ownership Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Business Ownership Agreement Template

1. Business Information


2. Owner Information


3. Agreement Details

4. Ownership Structure

5. Contributions of Each Owner

6. Profit and Loss Distribution

7. Management and Decision-Making

8. Buy-Sell Agreement Terms

9. Dispute Resolution

10. Governing Law

11. Signatures and Acceptance

12. Declaration and Signatures



PDF

WORD

Printable

Business Ownership Agreement Template

Printable | Editable Form

PDF 1 PDF 2

Business Ownership Agreement Template