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Set up a partnership for the purpose of acting as general partner of a limited partnership with this template Partnership Agreement for the USA.The partnership being formed by the agreement will be managed by a corporate entity as managing partner.The managing partner will have control of the day-to-day business operations, and will be responsible for all tax matters. All matters outside of the day-to-day business will be decided by a majority vote of all partners.The partners will devote a necessary amount of time and attention to the partnership business, but are not restricted from involvement in other businesses, whether they compete with the partnership business or not.Admission to the partnership is limited to the managing partner, its CEO and the other officers and directors of the managing partner.This USA Partnership Agreement template is available as a MS Word download, and is fully editable to meet your needs.