The members of a partnership Firm may enter into a written contractual agreement, but such formality is not necessary. Generally, to determine whether a partnership existed, a court will ask whether there was a sharing of profits and losses, joint administration and control of the business, a capital investment by each partner, and common ownership of property. The court will also examine the intent of the parties.
Partnerships are governed almost exclusively by state law—tax concerns and jurisdictional issues are the only notable exceptions.
Basic Partnership deed drafting
Partnership deed drafting with deed registration