Commencing a business as a partnership

It is generally not necessary to have a written partnership agreement to constitute an ordinary partnership, (although it is highly advisable to have one).

Important considerations in commencing business under a partnership structure will be obtaining necessary registrations and ensuring an appropriate partnership agreement is drafted, but a lack of these things will not affect the existence or validity of the partnership itself.

Costs of establishment can be confined to business names and other registrations for which fees are charged and costs of obtaining professional advice.

See Commencing a business as a partnership.