Do I need a partnership agreement?

It is always best to have a written agreement if you are involved with a partner.  In California, if you are a limited liability company, you must have an operating agreement, although it’s not required to be in writing.  If you are a corporation, even though you are not required to, it is highly recommended that you have a shareholders’ agreement if you have more than one shareholder in your company.  If you are partnering with another company on a project, it is best to have a joint venture agreement or sub-contractor agreement, as applicable.